The company primarily operates in the NBFC (Non-Banking Financial Company) market and the credit market. It has strategic plans to expand its operations in the areas of insurance, digital payments, and asset management.
On August 21, Jio Financial Services commenced trading on stock exchanges at ₹265 per share, which is close to the indicative price of ₹261.85. The branch of Reliance Industries started trading on the NSE at ₹262, while the price on the BSE was ₹265. At the time of listing, the market capitalization of NBFC was estimated to be around ₹1.66 trillion.
On July 21, the exchanges conducted a special pre-open session for separate units, with the discovered price of ₹261.85 and a hidden market cap of ₹1.65 trillion.
The stock will remain in the trade-to-trade segment for the next 10 sessions.
Reliance Financial Services will primarily operate in the NBFC market and credit market, with strategic plans to expand its operations in the fields of insurance, digital payments, and asset management.