The Latest News on Jio Finance Share
Jio Finance’s shares have consistently hit the lower circuit for the fifth consecutive day on the BSE. This trend continued on Friday, August 26, 2023. The stock concluded at Rs 205.15, experiencing a 5% decline compared to the previous day’s closing.
Motilal Oswal Mutual Fund has acquired a stake of 2.99% in Jio Finance for Rs 754 crore. This investment was executed through the secondary market.
The removal of Jio Financial shares from the Sensex and other indices has been postponed by 3 days. The exclusion of these shares from the index will now take effect before the commencement of trading on Tuesday, August 29, 2023.
Putting an end to its four-day losing streak, Jio Financial shares displayed a positive turnaround on Friday, August 26, 2023. The stock witnessed a 3.2% surge, closing at Rs 208.75 on the BSE. This increase was prompted by a substantial bulk deal involving 20 crore shares.
On Friday, August 26, 2023, the market capitalization of Jio Financial dropped below the Rs 1 lakh crore mark. The company’s market capitalization stood at Rs 98,500 crore at the conclusion of the trading session.
You May Also Read
