Jio Financial Services listing: Check share price, company valuation in market debut

Jio Financial Services shares hit lower circuit on its maiden trading session

by

Jio Financial Services listing: Check share price, company valuation in market debut

Jio Financial Services share price: JFS stock opened at 262 rupees and fell to a low of 248.90 rupees.

Mr. K V Kamath (Independent Director and Non-Executive Chairman, JFSL), Mr. Subhash S Mundra (Chairman, BSE) at the Listing Ceremony of Jio Financial Services Limited on the Bombay Stock Exchange on Monday.( HT photo by Anshuman Poyrekar)

Jio Financial Services share price: Shares of India’s Jio Financial Services (JFS), carved out of billionaire Mukesh Ambani-led Reliance Industries, fell as much as 5% in their trading debut on Monday, valuing the company at 1.58 trillion rupees ($19 billion).

Jio Financial Services stock opened at 262 rupees and fell to a low of 248.90 rupees.

The current valuation makes it the third-largest non-banking financial company (NBFC) in India, behind Bajaj Finance and Bajaj Finserv, which are valued at 4.15 trillion rupees and 2.32 trillion rupees, respectively. It is also expected to complement Reliance’s consumer businesses, which include India’s largest wireless operator with about 428 million users, a top retail chain with over 17,000 stores.

Source:- hindustantimes

Leave a Comment