Jio Financial Services Hit 5% Lower Circuit On Its Maiden Trading Day
NDTV
Jio Financial Services Ltd (JFSL) demerged from Reliance, months after the formal announcement of the move in October last year.
Jio Financial Services, the demerged financial services unit of Reliance Industries, had a volatile market debut on Monday. Shares of Jio Financial Services hit the lower circuit after slipping 5 per cent to a low of Rs 248.90 apiece. On BSE, the company's shares were trading 5 percent lower at 251.75 apiece at 1:53 PM.
Jio Financial Services Ltd (JFSL) demerged from Reliance, months after the formal announcement of the move in October last year.
"Trading members of the exchange are hereby informed that effective from Monday, August 21, 2023, equity shares of Jio Financial Services Ltd (formerly known as Reliance Strategic Investments Limited) shall be listed and admitted to dealings on the exchange in the list of T Group of securities," BSE said in a notice on Friday.
BSE said that the scrip will be in the trade-for-trade segment for 10 trading days.
