Jio Financial Services lists on bourses today, shares hit 5% lower circuit: What happens next?
Jio Financial Services Limited (JFSL) – formerly known as Reliance Strategic Investments Limited, the demerged financial arm of Reliance Industries, made its stock market debut on August 21. The stock was listed at ₹265 per share on the BSE and ₹262 per share on the NSE against the discovered price of ₹ ₹261.85 apiece. However, the JFSL shares soon crashed 5 per cent to hit its lower price band of ₹251.75 on BSE. On the NSE, too, it hit its 5 per cent lower price band of ₹248.90.