Jio Financial to exit Nifty indices from Sept 7; stock snaps 6-session gaining streak
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.
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September 2023
August 2023
July 2023
Battle to Watch: Jio Fin vs Bajaj Fin
Reliance, with its scale and capital, will make it tough for NBFC incumbents and fintech players to grab incremental market share.
Jio Financial’s circuit limit revised to 20% from 5%; stock rises 26% in 5 sessions
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 hits 5% lower circuit for 3rd session; exclusion from indices deferred
Stock exchanges postponed the exclusion of JFSL from key indices to August 29 from August 24 earlier, after the stock hit its lower circuit limit for two straight sessions.
Jio Financial Services shares hit 5% lower circuit for 2nd straight day
The shares of the demerged entity of Reliance Industries have fallen 10% in two sessions due to surge in institutional selling.
Jio Financial makes flat debut on bourses; falls up to 5% post listing
JFSL shares listed at ₹265 on the BSE and ₹262 on the NSE, against its discovered price of ₹261.85 at a special pre-open session conducted by the NSE on July 20.
SBFC Finance makes strong debut; surges 66% post listing
The share price of SBFC Finance listed at ₹82 on the NSE, a premium of 43.8% against the IPO price of ₹57 apiece.
Vivriti Capital to raise up to ₹500 crore via NCDs
The public issue comprises a base issue size of up to ₹250 crore and a green shoe option of up to ₹250 crore.
Federal Bank's subsidiary Fedfina files IPO papers with SEBI
The IPO of FedFina consists of a fresh issue of equity shares worth ₹750 crore and OFS of up to 7.03 crore shares by Federal Bank and True North Fund VI LLP.
Fintechs Hop On The Licensing Bandwagon
Fintechs are eyeing NBFC licences after RBI directed they must have skin in the game.
