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Jio Financial Services has split from Reliance Industries this year. The company is also listed in the stock market. Now there is news that the promoters of Jio Financial Services have increased their stake in the company. Currently, their total share has increased to 46.77 percent. At the time of listing it was 45.8 percent. Let us tell you that the listing of Jio Financial Services took place in August.
The shares of this company rose due to the Israel-Hamas war, doubling the money in 10 months
As per September share holding pattern, promoters bought 6.1 crore shares. Meanwhile, mutual funds reduced their share from 6.27 percent to 4.71 percent. Foreign Institutional Investors (FIIs) have also reduced their stake. Now the total share of FIIs in Jio Financial Services has increased to 26.4 percent. Earlier it was 21.58 percent. Let us tell you that LIC’s total shareholding in the company was 6.66 percent till September quarter.
Jio Financial Services made its debut in August after the demerger with Reliance Industries. Currently the company is trading below its listing price. The company listed on BSE at Rs. 265 per share and the company traded on the NSE at Rs. 262 per share was listed. Let us tell you that the share price of Jio Financial Services was Rs 210.20 at the time of market closing in BSE on Wednesday.