The stock of Jio Financial Services will face the exclusion within the 3rd day of the listing. Today the Jio Financial Services stocks have been launched on Dalal Street. This stock is also known as Reliance Strategic Investments. The discovered price of this stock was Rs 261.85.
On the NSE this stock is listed at Rs 262 and on the BSE is listed at Rs 265. Jio Financial Services have been becoming tradable but this share will follow a trade-to-trade process for the upcoming 10 trading days. Here are some few things you need to know about this stock.
Treasury Stock
When the issuer has reacquired shares in a company then that is called treasury stock. In Reliance Industries, Jio Financial Services has a 6.1 percent stake that ensures the transfer of the Treasury shares.
Net Worth
According to the data of Jefferies, the foreign broking firm, the net worth of Jio Financial Services is Rs 28,000 crore. And by excluding the stake cost Jio Financial Services’ net worth will become around Rs 14,000 crore.
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