Jio Financial Services lists today

Today will mark the opening of Jio Financial Services at Dalal Street. Before being split off, Jio Financial Services was formerly known as Reliance Strategic Investments.

For each share of Reliance Industries that an investor owns, they are also entitled to one share of JFS. Following the demerger from the parent, the JFS shares will finally start trading after spending a month as a dummy stock. The scrip will, however, be in trade-to-trade segment for the following 10 trading days.

Jio Financial Services' stock is represented by the symbol JIOFIN. Jio Financial Services will rank as the second-largest listed NBFC in India with a market capitalization of approximately Rs 1.5 lakh crore. 

Jio Financial Services will hold a 6.1 percent stake in Reliance Industries, which is a result of transfer of treasury shares.

Jio Financial shall be removed from Nifty and Sensex after the end of the day on the third day of its listing.

According to the company, JFS will provide a wide range of financial service solutions through its operating subsidiaries and joint ventures, meeting the needs of both individuals and businesses. It has strategic ambitions to grow its operations into the insurance, digital payment, and asset management verticals in addition to operating predominantly in the NBFC market and credit market segment.

For a comprehensive market analysis, include the Jio Financial Services share price nse in your review.

Source: Media Reports