Jio Financial shares jump 3% as arm gets RBI nod to operate as payment aggregator
A payments aggregator (PA) license allows companies to provide payment services to merchants, including online businesses and e-commerce firms
A payments aggregator (PA) license allows companies to provide payment services to merchants, including online businesses and e-commerce firms
On Friday, JFS shares rose as much as 14.5% to hit a new all-time high of ₹347, while the market capitalisation increased to ₹2.07 lakh crore.
The fintech stock has rebounded 19.5% from day’s low of ₹395.5 to touch a high of ₹472.50 on the BSE.
Jio Financial-BlackRock JV files for mutual fund application on October 19, 2023; in-principal approval “under consideration” with SEBI
Jio Financial shares rise as much as 0.7% to ₹221.75 on the BSE, while the market capitalisation climbs to ₹1.4 lakh crore
JFSL shares rise over 20% in the last six sessions after Mukesh Ambani, at RIL’s 46th AGM, announced that the company will soon enter India’s insurance segment.
JFSL shares gained 8.8% to hit an intraday high of ₹267 on the BSE, while the market capitalisation climbed to ₹1.67 lakh crore.
Jio Financial Services, Reliance Industries, Power Grid, JSW Steel, Larsen & Toubro, and ONGC contributed the most to the losses in Sensex.
Jio Financial Services will be listed on the Indian stock exchanges, says RIL.