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Elpro International acquires 1.5 Lakh Shares of Jio Financial Services

Aug 28, 2023

By: BlinkX Research Team

For investment plans, Elpro International Ltd. acquired 1,50,000 equity shares in Jio Financial Services Ltd. (JFS) for Rs. 3.10 crores. After the acquisition, the overall holding, which includes the prior holding of 57,166 equity shares, is 2,07,166 equity shares.

According to information on BSE, Elpro International is a company in the Consumer Discretionary category that works on residential and commercial projects. It is a small-cap company with a market valuation of Rs 1,164.66 Crore.

Elpro International's shares last changed hands at Rs 68.72 per share on Friday, declining by 0.49% from the previous close. In the last week, the stock price increased by 4.77%, and in the previous month, it increased by 7.43%. However, it decreased 13.18% in a year. It increased by 71.80% and 18.08% over three and five years, respectively. 

On July 22, 1999, Reliance Strategic Investments Private Limited—now known as Jio Financial Services Limited (JFSL—was established under the Companies Act 1956). The Reserve Bank of India (the "RBI") has registered JFSL as a Systemically Important Non-Deposit Taking Non-Banking Financial Company (NBFC-ND-SI).

Note: Investors are advised to monitor the Jio Financial share price today for up-to-date market information.

Source: Media Reports