![Jio Financial wants to convert to CIC from NBFC; seeks RBI’s nod](https://images.assettype.com/fortuneindia%2F2023-10%2Fcf9ace36-fff3-4931-8220-7794d7c91b7f%2FJio_Financial_listing.jpg?w=300&q=95)
Jio Financial wants to convert to CIC from NBFC; seeks RBI’s nod
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
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
The financial services arm of Reliance Industries is looking to raise up to ₹10,000 crore through its maiden bond issue.
The total revenue of the NBFC arm of RIL jumped 48% on a sequential basis to ₹608 crore in Q2 FY24.
Shares of Jio Financial have given 5% returns since its listing on the BSE and NSE on August 21 after spending a month as a dummy stock on the exchanges since July 20.
Today is the last day for investors to buy Reliance Industries shares to be eligible for Jio Financial Services on a 1:1 basis
Jio Financial Services will be listed on the Indian stock exchanges, says RIL.