Jio Financial Services to invest Rs 1,000 crore in Jio Finance

Jio Financial Services to invest Rs 1,000 crore in Jio Finance

Jio Financial Services announced on Thursday that it has invested Rs 1,000 crore in Jio Finance, its wholly owned subsidiary. The investment was made through the subscription of 1,73,77,412 equity shares at Rs 10 each. The funds will be used by Jio Finance to support its business operations. The company said that as this transaction … Read more

Jio Financial Services to invest Rs 1,000 crore in Jio Finance

Jio Financial Services to invest Rs 1,000 crore in Jio Finance

Jio Financial Services announced on Thursday that it has invested Rs 1,000 crore in Jio Finance, its wholly owned subsidiary. The investment was made through the subscription of 1,73,77,412 equity shares at Rs 10 each. The funds will be used by Jio Finance to support its business operations. The company said that as this transaction … Read more

Zomato, Jio Financial to bloat Nifty valuation, making it even pricier

Zomato, Jio Financial to bloat Nifty valuation, making it even pricier

The inclusion of Zomato and Jio Financial Services in the Nifty 50 index from March-end is expected to inflate the headline equity index’s price-to-earnings (PE) ratio by 2.5%, according to calculations done by ICICI Securities. The brokerage highlights that the continued entry of high-valuation new-age stocks into the benchmark index has been a key driver … Read more

Quant Small Cap Fund increased stakes in RIL, Jio Financial in October; check latest details

Quant Small Cap Fund increased stakes in RIL, Jio Financial in October; check latest details

Mutual funds: In October, with Indian markets witnessing corrections due to lackluster earnings, domestic mutual funds (MFs) adopted a proactive approach by acquiring top-performing stocks during their dipping value. The Quant Small Cap Fund, the largest fund managed by Quant Mutual Fund, strategically increased its investment in around 13 stocks within its portfolio during this … Read more

Jio Fin-BlackRock gets Sebi nod to start MF business

Jio Fin-BlackRock gets Sebi nod to start MF business

Mumbai: The joint venture between Mukesh Ambani-owned Jio Financial Services and BlackRock, the world’s largest asset manager, for starting a mutual fund business in India has received the Securities and Exchange Board of India’s in-principle approval, according to an exchange filing on Friday. The capital markets regulator gave the nod on October 3, said Jio … Read more

Trent, Bharat Electronics likely to replace LTI Mindtree and Divi’s Lab in Nifty: Nuvama

Trent, Bharat Electronics likely to replace LTI Mindtree and Divi’s Lab in Nifty: Nuvama

Retailer and hypermarket operator Trent and state-owned Bharat Electronics are likely to replace LTI Mindtree and Divi’s Laboratories in the forthcoming rejig in the Nifty index, according to an estimate by Nuvama Alternative & Quantitative Research. The possible changes would lead to an inflow of $429 million or Rs 3,500 crore into Trent and $ … Read more

Nestle, Jio Financial among top 10 large cap stocks sold by mutual funds in April – Stocks watch

Nestle, Jio Financial among top 10 large cap stocks sold by mutual funds in April – Stocks watch

May 16, 2024, 07:08:12 PM IST Mutual funds buy and sell securities to actively manage their portfolios. Here is the list of top 10 largecap stocks sold by mutual funds in April, according to a report by ICICI Direct Research. ETMarkets.com 2/11 Jio Financial Services The fund houses had 2,661 lakh shares of Jio Financial … Read more

Mutual fund SIPs for Rs 250 per month? Here's what Sebi chief Madhabi Buch says

Mutual fund SIPs for Rs 250 per month? Here's what Sebi chief Madhabi Buch says

Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch has informed that the capital markets regulator is working in tandem with mutual fund houses to bring down the minimum investment requirement under the systematic investment plans (SIPs). Madhabi Puri said that she asked some of the mutual fund houses whether an SIP of … Read more

Jio Financial removal from Sensex, other indices deferred by another 3 days

Jio Financial removal from Sensex, other indices deferred by another 3 days

After shares of the recently-listed Jio Financial Services (JFSL) hit the 5% lower circuit limits for another two consecutive days, stock exchange BSE on Friday postponed its ouster from Sensex and other indices by three more days. As things stand now, JFSL will now be removed from all the S&P BSE Indices on August 31. … Read more

Jio Financial shares listing tomorrow: What could be the listing price and trading strategy?

Jio Financial shares listing tomorrow: What could be the listing price and trading strategy?

NEW DELHI: After having demerged from incubator Reliance Industries (RIL) last month, shares of Mukesh Ambani’s Jio Financial Services or JFSL will list on stock exchanges BSE and NSE on Monday. Ahead of the listing, the shares of the digital-first NBFC were trading at around Rs 300 apiece in the grey market, higher than the … Read more