Jio Financial Services trades higher on the BSE
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
JIO Financial Services is currently trading at Rs. 327.90, up by 5.55 points or 1.72% from its previous closing of Rs. 322.35 on the BSE.
The scrip opened at Rs. 324.10 and has touched a high and low of Rs. 333.00 and Rs. 324.05 respectively. So far 1555808 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 394.70 on 23-Apr-2024 and a 52 week low of Rs. 204.65 on 23-Oct-2023.
Last one week high and low of the scrip stood at Rs. 334.20 and Rs. 321.10 respectively. The current market cap of the company is Rs. 209308.95 crore.
The promoters holding in the company stood at 47.12%, while Institutions and Non-Institutions held 29.48% and 23.38% respectively.
Jio Financial Services’ (JFSL) wholly owned subsidiary -- Jio Leasing Services (JLSL) has invested in 6,75,00,000, 8.1% Cumulative Optionally Convertible Preference Shares of Rs 10 each of Reliance International Leasing IFSC (RILIL) (a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures (a wholly owned subsidiary of Reliance Industries)), for cash at par, aggregating Rs 67.50 crore. The investment is made to fund the business operations of RILIL.
Jio Financial Services (JFSL) operates its financial services business through its consumer facing subsidiaries namely Jio Finance (JFL), Jio Insurance Broking (JIBL) and Jio Payment Solutions (JPSL) and joint venture namely Jio Payments Bank (JPBL).
