Jio Financial Services Ltd. (JFS), the financial services arm of Reliance Industries, hit the lower circuit for the second straight day on Tuesday, August 23, 2023. The stock closed at Rs. 239.20 on the BSE, down 5% from its previous close. There are a few reasons why JFS shares are continuing to fall. One reason … Read more
Shares of Jio Financial Services Ltd (JFSL) continued to decline on Tuesday, dipping 5% to ₹239.20 per share on the BSE and ₹239.20 per share on the NSE. This is the second day in a row that JFSL shares have fallen after making a weak debut on Monday. The sell-off in JFSL shares comes as … Read more
Jio Financial Services (JFSL) is a financial services company that was formed in 1999 as a wholly-owned subsidiary of Reliance Industries Limited (RIL). JFSL offers a range of financial products and services to customers in India, including digital lending, insurance, investment, and wealth management. The demerger of JFSL from RIL was completed on July 20, … Read more
Reliance Industries Ltd. (RIL) has completed the demerger of its financial services business, Jio Financial Services Ltd (JFSL), and allotted shares to its eligible shareholders. JFSL is expected to list on the stock exchanges soon, creating value for its 36 lakh-strong shareholder base. According to a regulatory filing by JFSL, the company has allotted 635.32 … Read more