JIO Financial Serv.
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Repeats Tuesday's story with no changes to text
Jio BlackRock to launch first ETFs in India by August
JV targets equity ETFs as passive investing gains ground
Plans GIFT City products, shifts complex funds to distributors
By Vivek Kumar M
June 9 (Reuters) - Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs are still nascent.
The joint venture between Mukesh Ambani's Jio Financial Services JIOF.NS and the world's largest asset manager has amassed about 180 billion rupees ($1.9 billion) in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
It plans to start with equity-focused ETF strategies.
BlackRock oversees about $5.1 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise. Jio BlackRock currently ranks as India's 29th-largest asset manager.
"ETFs are a long-term play. While it is a predominantly institutional heavy market (in India), retail are starting to get more involved in ETFs. And we can see from global trends how well ETFs have been adopted as a choice for investing," Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, told Reuters.
ETF INNOVATION COULD BOOST LIQUIDITY
Passive mutual fund assets in India stood at 15.20 trillion rupees in April, or about 18.5% of the industry's 81.94 trillion rupees in average assets under management, according to data from the mutual fund industry association.
By comparison, equity index funds and ETFs account for about 45.3% of long-term mutual fund and ETF assets in the U.S.
Swaminathan said tighter bid-offer spreads and more innovative strategies could help improve liquidity and boost retail participation in Indian ETFs.
The company also plans to launch products in Gujarat International Finance Tec-City (GIFT City), India's low-tax financial hub competing with centres such as Singapore and Dubai, within the next couple of months.
COMPLEX PRODUCTS PROMPT PIVOT TO DISTRIBUTOR-LED MODEL
For more complex offerings, including special investment funds and GIFT City products, Jio BlackRock has adopted a distributor-led model rather than a digital-first approach, reflecting the continued role of advisers in selling higher-ticket products.
Swaminathan said the decision to prioritise those launches was partly shaped by market conditions. India's benchmark Nifty 50 .NSEI is down 11.1% so far in 2026 amid foreign outflows, higher oil prices and moderating earnings growth, while MSCI’s Asia-Pacific ex-Japan index .MIAPJ0000PUS is up 18.2%.
($1 = 95.3500 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru. Editing by Mark Potter)
(([email protected];))
Repeats Tuesday's story with no changes to text
Jio BlackRock to launch first ETFs in India by August
JV targets equity ETFs as passive investing gains ground
Plans GIFT City products, shifts complex funds to distributors
By Vivek Kumar M
June 9 (Reuters) - Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs are still nascent.
The joint venture between Mukesh Ambani's Jio Financial Services JIOF.NS and the world's largest asset manager has amassed about 180 billion rupees ($1.9 billion) in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
It plans to start with equity-focused ETF strategies.
BlackRock oversees about $5.1 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise. Jio BlackRock currently ranks as India's 29th-largest asset manager.
"ETFs are a long-term play. While it is a predominantly institutional heavy market (in India), retail are starting to get more involved in ETFs. And we can see from global trends how well ETFs have been adopted as a choice for investing," Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, told Reuters.
ETF INNOVATION COULD BOOST LIQUIDITY
Passive mutual fund assets in India stood at 15.20 trillion rupees in April, or about 18.5% of the industry's 81.94 trillion rupees in average assets under management, according to data from the mutual fund industry association.
By comparison, equity index funds and ETFs account for about 45.3% of long-term mutual fund and ETF assets in the U.S.
Swaminathan said tighter bid-offer spreads and more innovative strategies could help improve liquidity and boost retail participation in Indian ETFs.
The company also plans to launch products in Gujarat International Finance Tec-City (GIFT City), India's low-tax financial hub competing with centres such as Singapore and Dubai, within the next couple of months.
COMPLEX PRODUCTS PROMPT PIVOT TO DISTRIBUTOR-LED MODEL
For more complex offerings, including special investment funds and GIFT City products, Jio BlackRock has adopted a distributor-led model rather than a digital-first approach, reflecting the continued role of advisers in selling higher-ticket products.
Swaminathan said the decision to prioritise those launches was partly shaped by market conditions. India's benchmark Nifty 50 .NSEI is down 11.1% so far in 2026 amid foreign outflows, higher oil prices and moderating earnings growth, while MSCI’s Asia-Pacific ex-Japan index .MIAPJ0000PUS is up 18.2%.
($1 = 95.3500 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru. Editing by Mark Potter)
(([email protected];))
Jio BlackRock to launch first ETFs in India by August
JV targets equity ETFs as passive investing gains ground
Plans GIFT City products, shifts complex funds to distributors
By Vivek Kumar M
June 9 (Reuters) - Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs are still nascent.
The joint venture between Mukesh Ambani's Jio Financial Services JIOF.NS and the world's largest asset manager has amassed about 180 billion rupees ($1.9 billion) in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
It plans to start with equity-focused ETF strategies.
BlackRock oversees about $5.1 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise. Jio BlackRock currently ranks as India's 29th-largest asset manager.
"ETFs are a long-term play. While it is a predominantly institutional heavy market (in India), retail are starting to get more involved in ETFs. And we can see from global trends how well ETFs have been adopted as a choice for investing," Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, told Reuters.
ETF INNOVATION COULD BOOST LIQUIDITY
Passive mutual fund assets in India stood at 15.20 trillion rupees in April, or about 18.5% of the industry's 81.94 trillion rupees in average assets under management, according to data from the mutual fund industry association.
By comparison, equity index funds and ETFs account for about 45.3% of long-term mutual fund and ETF assets in the U.S.
Swaminathan said tighter bid-offer spreads and more innovative strategies could help improve liquidity and boost retail participation in Indian ETFs.
The company also plans to launch products in Gujarat International Finance Tec-City (GIFT City), India's low-tax financial hub competing with centres such as Singapore and Dubai, within the next couple of months.
COMPLEX PRODUCTS PROMPT PIVOT TO DISTRIBUTOR-LED MODEL
For more complex offerings, including special investment funds and GIFT City products, Jio BlackRock has adopted a distributor-led model rather than a digital-first approach, reflecting the continued role of advisers in selling higher-ticket products.
Swaminathan said the decision to prioritise those launches was partly shaped by market conditions. India's benchmark Nifty 50 .NSEI is down 11.1% so far in 2026 amid foreign outflows, higher oil prices and moderating earnings growth, while MSCI’s Asia-Pacific ex-Japan index .MIAPJ0000PUS is up 18.2%.
($1 = 95.3500 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru. Editing by Mark Potter)
(([email protected];))
Jio BlackRock to launch first ETFs in India by August
JV targets equity ETFs as passive investing gains ground
Plans GIFT City products, shifts complex funds to distributors
By Vivek Kumar M
June 9 (Reuters) - Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive investing in a market where ETFs are still nascent.
The joint venture between Mukesh Ambani's Jio Financial Services JIOF.NS and the world's largest asset manager has amassed about 180 billion rupees ($1.9 billion) in assets under management in roughly a year since its launch by building a base in cash, debt-index and active equity funds.
It plans to start with equity-focused ETF strategies.
BlackRock oversees about $5.1 trillion in ETF assets globally, more than a third of its total assets under management, underscoring the importance of the product line to its franchise. Jio BlackRock currently ranks as India's 29th-largest asset manager.
"ETFs are a long-term play. While it is a predominantly institutional heavy market (in India), retail are starting to get more involved in ETFs. And we can see from global trends how well ETFs have been adopted as a choice for investing," Sid Swaminathan, managing director and chief executive officer of Jio BlackRock Asset Management, told Reuters.
ETF INNOVATION COULD BOOST LIQUIDITY
Passive mutual fund assets in India stood at 15.20 trillion rupees in April, or about 18.5% of the industry's 81.94 trillion rupees in average assets under management, according to data from the mutual fund industry association.
By comparison, equity index funds and ETFs account for about 45.3% of long-term mutual fund and ETF assets in the U.S.
Swaminathan said tighter bid-offer spreads and more innovative strategies could help improve liquidity and boost retail participation in Indian ETFs.
The company also plans to launch products in Gujarat International Finance Tec-City (GIFT City), India's low-tax financial hub competing with centres such as Singapore and Dubai, within the next couple of months.
COMPLEX PRODUCTS PROMPT PIVOT TO DISTRIBUTOR-LED MODEL
For more complex offerings, including special investment funds and GIFT City products, Jio BlackRock has adopted a distributor-led model rather than a digital-first approach, reflecting the continued role of advisers in selling higher-ticket products.
Swaminathan said the decision to prioritise those launches was partly shaped by market conditions. India's benchmark Nifty 50 .NSEI is down 11.1% so far in 2026 amid foreign outflows, higher oil prices and moderating earnings growth, while MSCI’s Asia-Pacific ex-Japan index .MIAPJ0000PUS is up 18.2%.
($1 = 95.3500 Indian rupees)
(Reporting by Vivek Kumar M in Bengaluru. Editing by Mark Potter)
(([email protected];))
May 19 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - INVESTS 49.5 MILLION RUPEES IN JIO ALLIANZ GENERAL INSURANCE
Source text: ID:nBSEbybRyD
Further company coverage: JIOF.NS
(([email protected];;))
May 19 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - INVESTS 49.5 MILLION RUPEES IN JIO ALLIANZ GENERAL INSURANCE
Source text: ID:nBSEbybRyD
Further company coverage: JIOF.NS
(([email protected];;))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic.
By Katrina Hamlin
HONG KONG, May 18 (Reuters Breakingviews) - Prudential PRU.L, 2378.HK has a punchy plan to shake up its life insurance business in India: it's buying a controlling stake in Bharti Life Insurance. Tapping its new partner's telco and asset management customers is a risky alternative to the tried-and-tested model of distributing products via a bank but could be an ingenious way to kickstart growth.
The $38 billion group agreed to acquire 75% of Bharti Life from Bharti Life Ventures and 360 ONE Asset Management ONEW.NS for $389 million, it said on Sunday.
That means Prudential CEO Anil Wadhwani is doing a switcheroo: the transaction requires Pru to reduce its stake in an existing venture with ICICI Bank ICBK.NS to under 10%, from 22%, per the company. It could well go on to divest what remains, leaving Bharti as its key partner.
The Indian business is in need of a reboot. New business sales there fell 2% last year, and its ranking among private life insurers fell to fifth from third a year earlier. That was a disappointing result for what ought to be a high-growth market. The world’s most populous country has only 3% penetration in the life insurance space, Prudential reckons.
Wadhwani’s solution is a creative one. Insurers often lean on large banks like ICICI to reach potential policy buyers. But the target’s main attraction is Bharti Airtel’s BRTI.NS nearly 300 million smartphone customers in India, compared with ICICI’s roughly 80 million retail banking clients, per data from Bharti and BCG Matrix. Overlapping markets in Africa could also open up other emerging markets, while the telecom company's asset management arm could help Pru reach India’s high net worth individuals.
But making it work could be tough. JioBlackRock, a joint venture between BlackRock BLK.N and Jio Financial Services JIOF.NS, is tapping additional distributors to sell its products after trying a digital direct model that leaned on its connections to Reliance Jio, India’s largest telecoms group.
And while the deal price seems fair, it’s not a bargain, valuing the company at just over $500 million, or around 1.5 times its embedded value as of September. That’s in line with the average for rivals SBI Life Insurance SBIL.NS, HDFC Life Insurance HDFL.NS and the Life Insurance Corporation of India LIFI.NS, per Visible Alpha, and just below 1.6 times for ICICI Prudential Life Insurance ICIR.NS. Shareholders sent Pru’s stock down 2% in morning trade in Hong Kong. That's probably because Wadhwani's punt for better rewards in India comes with higher risks.
Follow Katrina Hamlin on Bluesky and Linkedin.
CONTEXT NEWS
Insurer Prudential said on May 17 that it has agreed to acquire a 75% stake in Bharti Life Insurance from Bharti Life Ventures and 360 ONE Asset Management for an initial cash consideration of $389 million, with a potential additional consideration of up to $78 million, subject to certain conditions.
Prudential’s Hong Kong-listed shares fell 2.26% to HK$116.8 in morning trade on May 18.
ICICI Prudential Life Insurance's growth has slowed in recent years https://www.reuters.com/graphics/BRV-BRV/zdpxgbdybvx/chart.png
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on HAMLIN/[email protected]; Reuters Messaging: [email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic.
By Katrina Hamlin
HONG KONG, May 18 (Reuters Breakingviews) - Prudential PRU.L, 2378.HK has a punchy plan to shake up its life insurance business in India: it's buying a controlling stake in Bharti Life Insurance. Tapping its new partner's telco and asset management customers is a risky alternative to the tried-and-tested model of distributing products via a bank but could be an ingenious way to kickstart growth.
The $38 billion group agreed to acquire 75% of Bharti Life from Bharti Life Ventures and 360 ONE Asset Management ONEW.NS for $389 million, it said on Sunday.
That means Prudential CEO Anil Wadhwani is doing a switcheroo: the transaction requires Pru to reduce its stake in an existing venture with ICICI Bank ICBK.NS to under 10%, from 22%, per the company. It could well go on to divest what remains, leaving Bharti as its key partner.
The Indian business is in need of a reboot. New business sales there fell 2% last year, and its ranking among private life insurers fell to fifth from third a year earlier. That was a disappointing result for what ought to be a high-growth market. The world’s most populous country has only 3% penetration in the life insurance space, Prudential reckons.
Wadhwani’s solution is a creative one. Insurers often lean on large banks like ICICI to reach potential policy buyers. But the target’s main attraction is Bharti Airtel’s BRTI.NS nearly 300 million smartphone customers in India, compared with ICICI’s roughly 80 million retail banking clients, per data from Bharti and BCG Matrix. Overlapping markets in Africa could also open up other emerging markets, while the telecom company's asset management arm could help Pru reach India’s high net worth individuals.
But making it work could be tough. JioBlackRock, a joint venture between BlackRock BLK.N and Jio Financial Services JIOF.NS, is tapping additional distributors to sell its products after trying a digital direct model that leaned on its connections to Reliance Jio, India’s largest telecoms group.
And while the deal price seems fair, it’s not a bargain, valuing the company at just over $500 million, or around 1.5 times its embedded value as of September. That’s in line with the average for rivals SBI Life Insurance SBIL.NS, HDFC Life Insurance HDFL.NS and the Life Insurance Corporation of India LIFI.NS, per Visible Alpha, and just below 1.6 times for ICICI Prudential Life Insurance ICIR.NS. Shareholders sent Pru’s stock down 2% in morning trade in Hong Kong. That's probably because Wadhwani's punt for better rewards in India comes with higher risks.
Follow Katrina Hamlin on Bluesky and Linkedin.
CONTEXT NEWS
Insurer Prudential said on May 17 that it has agreed to acquire a 75% stake in Bharti Life Insurance from Bharti Life Ventures and 360 ONE Asset Management for an initial cash consideration of $389 million, with a potential additional consideration of up to $78 million, subject to certain conditions.
Prudential’s Hong Kong-listed shares fell 2.26% to HK$116.8 in morning trade on May 18.
ICICI Prudential Life Insurance's growth has slowed in recent years https://www.reuters.com/graphics/BRV-BRV/zdpxgbdybvx/chart.png
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on HAMLIN/[email protected]; Reuters Messaging: [email protected]))
May 14 (Reuters) - Jio Financial Services Ltd JIOF.NS:
GOLDMAN SACHS BANK EUROPE SE SELLS 2.7 MILLION SHARES IN JIO FINANCIAL VIA BLOCK DEAL ON NSE, MORGAN STANLEY ASIA BUYS STAKE - EXCHANGE DATA
Further company coverage: JIOF.NS
(([email protected];))
May 14 (Reuters) - Jio Financial Services Ltd JIOF.NS:
GOLDMAN SACHS BANK EUROPE SE SELLS 2.7 MILLION SHARES IN JIO FINANCIAL VIA BLOCK DEAL ON NSE, MORGAN STANLEY ASIA BUYS STAKE - EXCHANGE DATA
Further company coverage: JIOF.NS
(([email protected];))
May 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - CO AND ALLIANZ INCORPORATE JIO ALLIANZ GENERAL INSURANCE LIMITED JOINT VENTURE
JIO FINANCIAL - TO INVEST 49.5 MILLION RUPEES FOR 50% STAKE IN JAGIL
Source text: ID:nBSEbdqFf2
Further company coverage: JIOF.NS
(([email protected];))
May 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - CO AND ALLIANZ INCORPORATE JIO ALLIANZ GENERAL INSURANCE LIMITED JOINT VENTURE
JIO FINANCIAL - TO INVEST 49.5 MILLION RUPEES FOR 50% STAKE IN JAGIL
Source text: ID:nBSEbdqFf2
Further company coverage: JIOF.NS
(([email protected];))
May 6 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - SUBSCRIBES TO 300 MILLION JIO FINANCE PLATFORM AND SERVICE SHARES FOR 3 BILLION RUPEES
Source text: ID:nBSE3LkYc3
Further company coverage: JIOF.NS
(([email protected];;))
May 6 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - SUBSCRIBES TO 300 MILLION JIO FINANCE PLATFORM AND SERVICE SHARES FOR 3 BILLION RUPEES
Source text: ID:nBSE3LkYc3
Further company coverage: JIOF.NS
(([email protected];;))
April 28 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO CREDIT: APPROVED RAISING 35 BILLION RUPEES THROUGH RIGHTS ISSUE
Source text: ID:nBSE72wFXs
Further company coverage: JIOF.NS
(([email protected];))
April 28 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO CREDIT: APPROVED RAISING 35 BILLION RUPEES THROUGH RIGHTS ISSUE
Source text: ID:nBSE72wFXs
Further company coverage: JIOF.NS
(([email protected];))
April 22 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JOINT VENTURE WITH ALLIANZ EUROPE B.V. FOR GENERAL INSURANCE BUSINESS IN INDIA
CO AND ALLIANZ FORM 50:50 GENERAL INSURANCE JOINT VENTURE IN INDIA
JV COMPANY WILL LAUNCH OPERATIONS POST RECEIPT OF APPROVALS
Source text: ID:nBSE1Tw9c2
Further company coverage: JIOF.NS
(([email protected];;))
April 22 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JOINT VENTURE WITH ALLIANZ EUROPE B.V. FOR GENERAL INSURANCE BUSINESS IN INDIA
CO AND ALLIANZ FORM 50:50 GENERAL INSURANCE JOINT VENTURE IN INDIA
JV COMPANY WILL LAUNCH OPERATIONS POST RECEIPT OF APPROVALS
Source text: ID:nBSE1Tw9c2
Further company coverage: JIOF.NS
(([email protected];;))
April 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q4 CONSOL PROFIT 2.72 BILLION RUPEES
JIO FINANCIAL SERVICES Q4 CONSOL TOTAL REV FROM OPS 10.19 BLN RUPEES
JIO FINANCIAL - APPOINTMENT OF ANNAPOORNA VENKATARAMANAN AS A GROUP CHIEF FINANCIAL OFFICER
DECLARES DIVIDEND OF 0.60 RUPEES PER SHARE
ACCEPTED REQUEST OF ABHISHEK HARIDAS PATHAK TO RELEASE HIM FROM THE POSITION OF GROUP CHIEF FINANCIAL OFFICER
ABHISHEK HARIDAS PATHAK TO STEP DOWN FROM POSITION OF GROUP CFO
Further company coverage: JIOF.NS
(([email protected];))
April 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q4 CONSOL PROFIT 2.72 BILLION RUPEES
JIO FINANCIAL SERVICES Q4 CONSOL TOTAL REV FROM OPS 10.19 BLN RUPEES
JIO FINANCIAL - APPOINTMENT OF ANNAPOORNA VENKATARAMANAN AS A GROUP CHIEF FINANCIAL OFFICER
DECLARES DIVIDEND OF 0.60 RUPEES PER SHARE
ACCEPTED REQUEST OF ABHISHEK HARIDAS PATHAK TO RELEASE HIM FROM THE POSITION OF GROUP CHIEF FINANCIAL OFFICER
ABHISHEK HARIDAS PATHAK TO STEP DOWN FROM POSITION OF GROUP CFO
Further company coverage: JIOF.NS
(([email protected];))
March 26 (Reuters) -
ALLIANZ JIO REINSURANCE LIMITED COMMENCES OPERATIONS - STATEMENT
Further company coverage: ALVG.DE
(([email protected];;))
March 26 (Reuters) -
ALLIANZ JIO REINSURANCE LIMITED COMMENCES OPERATIONS - STATEMENT
Further company coverage: ALVG.DE
(([email protected];;))
March 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO PAYMENTS BANK INTRODUCES UPI-BASED CASH WITHDRAWAL SERVICES
Source text: ID:nBSE7J0N7b
Further company coverage: JIOF.NS
(([email protected];))
March 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO PAYMENTS BANK INTRODUCES UPI-BASED CASH WITHDRAWAL SERVICES
Source text: ID:nBSE7J0N7b
Further company coverage: JIOF.NS
(([email protected];))
March 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
GRANT OF CERTIFICATE OF REGISTRATION BY IRDAI TO ALLIANZ JIO REINSURANCE
CERTIFICATE TO ALLIANZ JIO REINSURANCE TO COMMENCE BUSINESS AS REINSURANCE CO
Source text: ID:nBSEbtcxQw
Further company coverage: JIOF.NS
(([email protected];))
March 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
GRANT OF CERTIFICATE OF REGISTRATION BY IRDAI TO ALLIANZ JIO REINSURANCE
CERTIFICATE TO ALLIANZ JIO REINSURANCE TO COMMENCE BUSINESS AS REINSURANCE CO
Source text: ID:nBSEbtcxQw
Further company coverage: JIOF.NS
(([email protected];))
Feb 26 (Reuters) - Jio Financial Services Ltd JIOF.NS:
CO ALLOTTED SHARES WORTH 20 BILLION RUPEES OF SUBSIDIARY JIO CREDIT
Source text: ID:nBSE8jFL4N
Further company coverage: JIOF.NS
(([email protected];;))
Feb 26 (Reuters) - Jio Financial Services Ltd JIOF.NS:
CO ALLOTTED SHARES WORTH 20 BILLION RUPEES OF SUBSIDIARY JIO CREDIT
Source text: ID:nBSE8jFL4N
Further company coverage: JIOF.NS
(([email protected];;))
Feb 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - INVESTS 10 MILLION RUPEES IN JIO ALTERNATIVE
Source text: ID:nBSE6X14NW
Further company coverage: JIOF.NS
(([email protected];))
Feb 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - INVESTS 10 MILLION RUPEES IN JIO ALTERNATIVE
Source text: ID:nBSE6X14NW
Further company coverage: JIOF.NS
(([email protected];))
Feb 11 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIOFINANCE APP INTRODUCES PLATFORM FOR FIXED DEPOSITS OFFERED BY DIVERSE SET OF BANKS AND NBFCS
Source text: ID:nnAZN4SFZD8
Further company coverage: JIOF.NS
(([email protected];))
Feb 11 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIOFINANCE APP INTRODUCES PLATFORM FOR FIXED DEPOSITS OFFERED BY DIVERSE SET OF BANKS AND NBFCS
Source text: ID:nnAZN4SFZD8
Further company coverage: JIOF.NS
(([email protected];))
Jan 15 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q3 CONSOL PROFIT 2.69 BILLION RUPEES
JIO FINANCIAL SERVICES Q3 CONSOL TOTAL REV FROM OPS 9.01 BLN RUPEES
Further company coverage: JIOF.NS
(([email protected];))
Jan 15 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q3 CONSOL PROFIT 2.69 BILLION RUPEES
JIO FINANCIAL SERVICES Q3 CONSOL TOTAL REV FROM OPS 9.01 BLN RUPEES
Further company coverage: JIOF.NS
(([email protected];))
Dec 31 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO LEASING SERVICES SUBSCRIBES TO 46 MILLION OCPS OF RELIANCE INTERNATIONAL LEASING IFSC
INVESTMENT OF 460 MILLION RUPEES TO FUND RILIPL OPERATIONS
Source text: ID:nBSE1DxkLb
Further company coverage: JIOF.NS
(([email protected];))
Dec 31 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO LEASING SERVICES SUBSCRIBES TO 46 MILLION OCPS OF RELIANCE INTERNATIONAL LEASING IFSC
INVESTMENT OF 460 MILLION RUPEES TO FUND RILIPL OPERATIONS
Source text: ID:nBSE1DxkLb
Further company coverage: JIOF.NS
(([email protected];))
Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - JIO LEASING SUBSCRIBES TO 45 MILLION OCPS OF RELIANCE INTERNATIONAL LEASING IFSC WITH TOTAL INVESTMENT 1.67 BILLION RUPEES
Source text: ID:nBSE3zn1Bc
Further company coverage: JIOF.NS
Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - JIO LEASING SUBSCRIBES TO 45 MILLION OCPS OF RELIANCE INTERNATIONAL LEASING IFSC WITH TOTAL INVESTMENT 1.67 BILLION RUPEES
Source text: ID:nBSE3zn1Bc
Further company coverage: JIOF.NS
Oct 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO PAYMENTS BANK WINS CONTRACT FOR MLFF TOLL SYSTEM
Source text: ID:nBSE7YZBP1
Further company coverage: JIOF.NS
(([email protected];))
Oct 13 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO PAYMENTS BANK WINS CONTRACT FOR MLFF TOLL SYSTEM
Source text: ID:nBSE7YZBP1
Further company coverage: JIOF.NS
(([email protected];))
MUMBAI, Oct 7 (Reuters) - India's Jio Credit plans to raise 5 billion rupees ($56.4 million) by selling bonds maturing in two years, bankers said on Tuesday.
The company will pay an annual coupon of 7.05% and has invited bids from bankers and investors on Thursday, they said.
Jio Credit, formerly know known as Jio Finance, is a wholly-owned subsidiary of Indian billionaire Mukesh Ambani's Jio Financial Services.
Jio Credit did not immediately reply to a Reuters email for comment.
Here is the list of deals reported so far on October 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Jio Credit | 2 years | 7.05 | 5 | October 9 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 88.7220 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, Oct 7 (Reuters) - India's Jio Credit plans to raise 5 billion rupees ($56.4 million) by selling bonds maturing in two years, bankers said on Tuesday.
The company will pay an annual coupon of 7.05% and has invited bids from bankers and investors on Thursday, they said.
Jio Credit, formerly know known as Jio Finance, is a wholly-owned subsidiary of Indian billionaire Mukesh Ambani's Jio Financial Services.
Jio Credit did not immediately reply to a Reuters email for comment.
Here is the list of deals reported so far on October 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Jio Credit | 2 years | 7.05 | 5 | October 9 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 88.7220 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
India File is published every Tuesday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.
Sept 2 - By Ira Dugal, Editor Financial News, with global Reuters staff
Billionaire industrialist Mukesh Ambani detailed long-term growth plans last week for his Reliance Industries RELI.NS that included a listing of its telecom business, a new AI venture, and expansion of the retail and new-energy businesses. Yet, why were Reliance's shareholders disappointed? That's our focus this week.
And India's world-beating GDP growth is leaving equity investors out in the cold. Scroll down for more on that.
THIS WEEK IN ASIA
Afghanistan earthquake kills 800, injures 2,800, Taliban asks world for help
European factories return to growth, Asia activity shrinks
China seeks more Russian gas via old link as new pipeline stalled
Chips-for-rare-earths is US-China circuit breaker
Japan Post Bank to launch digital yen in 2026
NEW PRIORITIES
Ambani used Reliance's annual shareholder meeting to communicate three priorities: new businesses, listings, and its alignment with India’s interests amid the U.S. tariff standoff.
Ambani's signal that it is business as usual for Reliance Industries came amid U.S. pressure on India citing its purchases of oil from Russia. As the operator of the world's largest oil refining complex and India's largest importer of Russian crude, the punitive U.S. tariffs on the country's goods exports hit home for Ambani and Reliance.
The chairman of India's most valuable corporate entity, with a market capitalisation of about $204 billion, committed to taking the group's telecom business, Reliance Jio, public by mid-2026, after deciding to defer the telco's listing this year.
Jio, Ambani said, now has 500 million customers as it enters its 10th year of operations, making it the country's largest telco.
A listing would bode well for the sector's pricing outlook and may even drive a re-rating in telecom stocks in the run-up to the IPO, said Jefferies in a note following Reliance's shareholders' meeting.
The brokerage said that for a 10% return on investment, Jio would need to target a market cap of $118 billion by March 2026. This, according to the brokerage's analysis, would need a 20% hike in pricing to get to an EBITDA of $10 billion for the financial year 2026-27.
Any increase in pricing from Jio could prompt other telcos to follow suit, boosting the sector's profitability.
Ambani also announced plans to launch a new subsidiary - Reliance Intelligence. It will partner with Alphabet's GOOGL.O Google to bring cloud services to India and with Meta Platforms META.O to build out AI offerings for businesses and the government.
Alphabet CEO Sundar Pichai and Meta CEO Mark Zuckerberg made a guest appearance at the shareholders' meeting for good measure.
Reliance further detailed expanded goals for its new-energy and fast-moving-consumer-goods businesses.
The company will build the world's largest solar project in Gujarat state while bolstering its green hydrogen capacity. In its consumer business, Reliance will enter apparel and electronics.
Read here for details on the announcements.
Ambani, estimated to have about $100 billion in wealth according to Forbes, has found his business dragged into the middle of the U.S.-India trade tensions, as President Donald Trump doubled the levies on Indian exports citing the country's purchases of Russian oil.
Reliance has a crude oil import deal of 500,000 barrels per day with Russian oil major Rosneft ROSN.MM, the largest oil deal between India and Russia.
Expectedly, Ambani's carefully crafted speech made no mention of Russian oil purchases or the U.S. tariffs on Indian goods. But he did echo Indian Prime Minister Narendra Modi's call for a more self-reliant India.
Read here for more on Ambani's comments.
The Ambani family, though, has postponed a cultural event planned for September 12 in New York, citing "unforseen circumstances".
CONGLOMERATE DISCOUNT WORRIES
Reliance Industries' growth plans disappointed shareholders for one main reason.
Ambani said Reliance would look to IPO the Jio business, unlike the demerger and subsequent listing route it chose with Jio Financial Services JIOF.NS in 2023. This, analysts said, would offer strategic investors in Jio a strong exit but retail investors only modest advantages.
"Structurally, an IPO keeps Jio as a subsidiary under the Reliance Industries fold; investors may apply a holding company discount to the embedded stake," said brokerage Antique Broking.
A holding company or conglomerate discount is when a parent entity is valued below the combined value of its subsidiaries.
"A demerger distributing Jio shares directly to Reliance Industries investors would have been cleaner for value unlocking," Antique Broking said in a note on Saturday.
The demerger of Jio Financial Services had offered all Reliance shareholders one share each in the newly created entity, which is now valued at nearly 2 trillion rupees ($22.5 billion).
Shares of Reliance Industries fell on Friday after Ambani's speech. They have underperformed the NSE Nifty 50 index .NSEI, declining 10% over the past 12 months compared to the benchmark which has dropped 3%.
The average rating across 33 analysts tracking Reliance Industries on LSEG is a "buy", with a median price target of 1,650 rupees, 22% higher than the current price.
Will Reliance's plans translate into shareholder gains? Write to me at [email protected].
MARKET MATTERS
India's economy grew at a much faster than expected 7.8% in the April-June quarter in real terms, defying expectations of a slowdown even before U.S. trade tariffs took effect.
But low inflation in the economy has meant that nominal growth dropped to 8.8% from 10.8% in the previous quarter.
Read here for more on the GDP data and what economists said about it.
The lower nominal growth has meant that corporate profit growth has remained subdued and valuations seem stretched, leaving foreign investors cautious about investing in India. Read that analysis here.
THIS WEEK'S MUST-READ
India and China discussed expanding trade and investment ties on Prime Minister Narendra Modi's first visit to China in seven years to attend a meeting of the Shanghai Cooperation Organisation.
Modi and Chinese President Xi Jinping agreed to improve relations but stopped short of announcing specific measures.
Read this for the outcome of the meeting.
China urged leaders at the regional summit to leverage their "mega-scale market" and boost cooperation in the fields of energy, infrastructure and artificial intelligence.
Read here for more on the summit.
Soon after the meeting, Trump called the India-U.S. trade relation "one sided" in a post on his Truth Social platform. India has offered to cut tariffs to "nothing", Trump said, adding that it is "getting late".
India has so far not responded to the post.
($1 = 88.195 Indian rupees)
Gap between nominal and real GDP narrows down https://reut.rs/3VmYnOS
(Reporting by Ira Dugal; Additional reporting by Bharath Rajeswaran; Editing by Muralikumar Anantharaman)
(([email protected]; +91-9833024892;))
India File is published every Tuesday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.
Sept 2 - By Ira Dugal, Editor Financial News, with global Reuters staff
Billionaire industrialist Mukesh Ambani detailed long-term growth plans last week for his Reliance Industries RELI.NS that included a listing of its telecom business, a new AI venture, and expansion of the retail and new-energy businesses. Yet, why were Reliance's shareholders disappointed? That's our focus this week.
And India's world-beating GDP growth is leaving equity investors out in the cold. Scroll down for more on that.
THIS WEEK IN ASIA
Afghanistan earthquake kills 800, injures 2,800, Taliban asks world for help
European factories return to growth, Asia activity shrinks
China seeks more Russian gas via old link as new pipeline stalled
Chips-for-rare-earths is US-China circuit breaker
Japan Post Bank to launch digital yen in 2026
NEW PRIORITIES
Ambani used Reliance's annual shareholder meeting to communicate three priorities: new businesses, listings, and its alignment with India’s interests amid the U.S. tariff standoff.
Ambani's signal that it is business as usual for Reliance Industries came amid U.S. pressure on India citing its purchases of oil from Russia. As the operator of the world's largest oil refining complex and India's largest importer of Russian crude, the punitive U.S. tariffs on the country's goods exports hit home for Ambani and Reliance.
The chairman of India's most valuable corporate entity, with a market capitalisation of about $204 billion, committed to taking the group's telecom business, Reliance Jio, public by mid-2026, after deciding to defer the telco's listing this year.
Jio, Ambani said, now has 500 million customers as it enters its 10th year of operations, making it the country's largest telco.
A listing would bode well for the sector's pricing outlook and may even drive a re-rating in telecom stocks in the run-up to the IPO, said Jefferies in a note following Reliance's shareholders' meeting.
The brokerage said that for a 10% return on investment, Jio would need to target a market cap of $118 billion by March 2026. This, according to the brokerage's analysis, would need a 20% hike in pricing to get to an EBITDA of $10 billion for the financial year 2026-27.
Any increase in pricing from Jio could prompt other telcos to follow suit, boosting the sector's profitability.
Ambani also announced plans to launch a new subsidiary - Reliance Intelligence. It will partner with Alphabet's GOOGL.O Google to bring cloud services to India and with Meta Platforms META.O to build out AI offerings for businesses and the government.
Alphabet CEO Sundar Pichai and Meta CEO Mark Zuckerberg made a guest appearance at the shareholders' meeting for good measure.
Reliance further detailed expanded goals for its new-energy and fast-moving-consumer-goods businesses.
The company will build the world's largest solar project in Gujarat state while bolstering its green hydrogen capacity. In its consumer business, Reliance will enter apparel and electronics.
Read here for details on the announcements.
Ambani, estimated to have about $100 billion in wealth according to Forbes, has found his business dragged into the middle of the U.S.-India trade tensions, as President Donald Trump doubled the levies on Indian exports citing the country's purchases of Russian oil.
Reliance has a crude oil import deal of 500,000 barrels per day with Russian oil major Rosneft ROSN.MM, the largest oil deal between India and Russia.
Expectedly, Ambani's carefully crafted speech made no mention of Russian oil purchases or the U.S. tariffs on Indian goods. But he did echo Indian Prime Minister Narendra Modi's call for a more self-reliant India.
Read here for more on Ambani's comments.
The Ambani family, though, has postponed a cultural event planned for September 12 in New York, citing "unforseen circumstances".
CONGLOMERATE DISCOUNT WORRIES
Reliance Industries' growth plans disappointed shareholders for one main reason.
Ambani said Reliance would look to IPO the Jio business, unlike the demerger and subsequent listing route it chose with Jio Financial Services JIOF.NS in 2023. This, analysts said, would offer strategic investors in Jio a strong exit but retail investors only modest advantages.
"Structurally, an IPO keeps Jio as a subsidiary under the Reliance Industries fold; investors may apply a holding company discount to the embedded stake," said brokerage Antique Broking.
A holding company or conglomerate discount is when a parent entity is valued below the combined value of its subsidiaries.
"A demerger distributing Jio shares directly to Reliance Industries investors would have been cleaner for value unlocking," Antique Broking said in a note on Saturday.
The demerger of Jio Financial Services had offered all Reliance shareholders one share each in the newly created entity, which is now valued at nearly 2 trillion rupees ($22.5 billion).
Shares of Reliance Industries fell on Friday after Ambani's speech. They have underperformed the NSE Nifty 50 index .NSEI, declining 10% over the past 12 months compared to the benchmark which has dropped 3%.
The average rating across 33 analysts tracking Reliance Industries on LSEG is a "buy", with a median price target of 1,650 rupees, 22% higher than the current price.
Will Reliance's plans translate into shareholder gains? Write to me at [email protected].
MARKET MATTERS
India's economy grew at a much faster than expected 7.8% in the April-June quarter in real terms, defying expectations of a slowdown even before U.S. trade tariffs took effect.
But low inflation in the economy has meant that nominal growth dropped to 8.8% from 10.8% in the previous quarter.
Read here for more on the GDP data and what economists said about it.
The lower nominal growth has meant that corporate profit growth has remained subdued and valuations seem stretched, leaving foreign investors cautious about investing in India. Read that analysis here.
THIS WEEK'S MUST-READ
India and China discussed expanding trade and investment ties on Prime Minister Narendra Modi's first visit to China in seven years to attend a meeting of the Shanghai Cooperation Organisation.
Modi and Chinese President Xi Jinping agreed to improve relations but stopped short of announcing specific measures.
Read this for the outcome of the meeting.
China urged leaders at the regional summit to leverage their "mega-scale market" and boost cooperation in the fields of energy, infrastructure and artificial intelligence.
Read here for more on the summit.
Soon after the meeting, Trump called the India-U.S. trade relation "one sided" in a post on his Truth Social platform. India has offered to cut tariffs to "nothing", Trump said, adding that it is "getting late".
India has so far not responded to the post.
($1 = 88.195 Indian rupees)
Gap between nominal and real GDP narrows down https://reut.rs/3VmYnOS
(Reporting by Ira Dugal; Additional reporting by Bharath Rajeswaran; Editing by Muralikumar Anantharaman)
(([email protected]; +91-9833024892;))
July 30 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES - BOARD APPROVES ISSUANCE OF UP TO 500 MILLION WARRANTS
JIO FINANCIAL SERVICES - WARRANTS PRICED AT 316.50 RUPEES EACH
JIO FINANCIAL SERVICES - TOTAL VALUE OF ISSUANCE UP TO 158.25 BILLION RUPEES
JIO FINANCIAL - PROPOSED ALLOTTEES FOR WARRANTS ARE SIKKA PORTS TERMINALS, JAMNAGAR UTILITIES AND POWER
Source text: ID:nBSE3PzqG2
Further company coverage: JIOF.NS
(([email protected];))
July 30 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES - BOARD APPROVES ISSUANCE OF UP TO 500 MILLION WARRANTS
JIO FINANCIAL SERVICES - WARRANTS PRICED AT 316.50 RUPEES EACH
JIO FINANCIAL SERVICES - TOTAL VALUE OF ISSUANCE UP TO 158.25 BILLION RUPEES
JIO FINANCIAL - PROPOSED ALLOTTEES FOR WARRANTS ARE SIKKA PORTS TERMINALS, JAMNAGAR UTILITIES AND POWER
Source text: ID:nBSE3PzqG2
Further company coverage: JIOF.NS
(([email protected];))
Allianz SE and Jio Financial Services Limited have announced the formation of a 50:50 reinsurance joint venture. This partnership aims to leverage the strengths of both companies in the reinsurance sector. The announcement marks a significant collaboration between Allianz, a leading global financial services provider, and Jio Financial Services, expanding their presence and capabilities in the reinsurance market.
Allianz SE and Jio Financial Services Limited have announced the formation of a 50:50 reinsurance joint venture. This partnership aims to leverage the strengths of both companies in the reinsurance sector. The announcement marks a significant collaboration between Allianz, a leading global financial services provider, and Jio Financial Services, expanding their presence and capabilities in the reinsurance market.
July 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q1 CONSOL PROFIT 3.25 BILLION RUPEES
JIO FINANCIAL SERVICES Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 6.12 BILLION RUPEES
Source text: ID:nBSE6Tk9zh
Further company coverage: JIOF.NS
(([email protected];;))
July 17 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL SERVICES Q1 CONSOL PROFIT 3.25 BILLION RUPEES
JIO FINANCIAL SERVICES Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 6.12 BILLION RUPEES
Source text: ID:nBSE6Tk9zh
Further company coverage: JIOF.NS
(([email protected];;))
Updates paragraphs 1 and 2 to add regulator's approval of a fifth Jio BlackRock passive fund
July 16 (Reuters) - Jio BlackRock has received approval from India's markets regulator to launch five passive index funds, the Securities and Exchange Board of India's website showed on Wednesday.
The funds will mirror five indexes, namely, the blue-chip Nifty 50 .NSEI., Nifty Midcap 150 .NIMI150, Nifty smallcap 250 .NISM250, Nifty Next 50 .NN50 and the benchmark index tracking Indian government bonds with 8–13 years maturity .NIFGS813.
Jio BlackRock, a joint venture between billionaire Mukesh Ambani's Jio Financial Services JIOF.NS and BlackRock BLK.N, plans to launch nearly a dozen equity and debt funds in India by year-end, Reuters reported last week.
The asset manager is entering the country's 72.2-trillion-rupee ($844 billion) mutual funds market with a mix of active and passive offerings, aiming to leverage its digital reach to sidestep traditional distributor networks.
It has raised over $2.1 billion across three debt mutual fund schemes, attracting investments from 90 institutional investors and 67,000 retail investors so far.
(Reporting by Kashish Tandon in Bengaluru; Editing by Janane Venkatraman and Mrigank Dhaniwala)
(([email protected]; 8800437922;))
Updates paragraphs 1 and 2 to add regulator's approval of a fifth Jio BlackRock passive fund
July 16 (Reuters) - Jio BlackRock has received approval from India's markets regulator to launch five passive index funds, the Securities and Exchange Board of India's website showed on Wednesday.
The funds will mirror five indexes, namely, the blue-chip Nifty 50 .NSEI., Nifty Midcap 150 .NIMI150, Nifty smallcap 250 .NISM250, Nifty Next 50 .NN50 and the benchmark index tracking Indian government bonds with 8–13 years maturity .NIFGS813.
Jio BlackRock, a joint venture between billionaire Mukesh Ambani's Jio Financial Services JIOF.NS and BlackRock BLK.N, plans to launch nearly a dozen equity and debt funds in India by year-end, Reuters reported last week.
The asset manager is entering the country's 72.2-trillion-rupee ($844 billion) mutual funds market with a mix of active and passive offerings, aiming to leverage its digital reach to sidestep traditional distributor networks.
It has raised over $2.1 billion across three debt mutual fund schemes, attracting investments from 90 institutional investors and 67,000 retail investors so far.
(Reporting by Kashish Tandon in Bengaluru; Editing by Janane Venkatraman and Mrigank Dhaniwala)
(([email protected]; 8800437922;))
June 27 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - GRANT OF CERTIFICATE OF REGISTRATION TO JIO BLACKROCK BROKING PRIVATE LIMITED TO ACT AS A STOCK BROKER / CLEARING MEMBER
Source text: ID:nBSE1VKbBw
Further company coverage: JIOF.NS
(([email protected];;))
June 27 (Reuters) - Jio Financial Services Ltd JIOF.NS:
JIO FINANCIAL - GRANT OF CERTIFICATE OF REGISTRATION TO JIO BLACKROCK BROKING PRIVATE LIMITED TO ACT AS A STOCK BROKER / CLEARING MEMBER
Source text: ID:nBSE1VKbBw
Further company coverage: JIOF.NS
(([email protected];;))
June 18 (Reuters) - Jio Financial Services Ltd JIOF.NS:
BUYS 79,080,000 EQUITY SHARES OF JPBL FOR 1.05 BILLION RUPEES
ACQUIRED 79.1 MLN SHARES OF JIO PAYMENTS BANK FROM STATE BANK OF INDIA
Source text: ID:nBSE8RnQVS
Further company coverage: JIOF.NS
(([email protected];;))
June 18 (Reuters) - Jio Financial Services Ltd JIOF.NS:
BUYS 79,080,000 EQUITY SHARES OF JPBL FOR 1.05 BILLION RUPEES
ACQUIRED 79.1 MLN SHARES OF JIO PAYMENTS BANK FROM STATE BANK OF INDIA
Source text: ID:nBSE8RnQVS
Further company coverage: JIOF.NS
(([email protected];;))
-- Source link: https://tinyurl.com/n2tpafzu
-- Note: Reuters has not verified this story and does not vouch for its accuracy
((Bengaluru newsroom, [email protected]))
-- Source link: https://tinyurl.com/n2tpafzu
-- Note: Reuters has not verified this story and does not vouch for its accuracy
((Bengaluru newsroom, [email protected]))
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Popular questions
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What does JIO Financial Serv. do?
Jio Financial Services (JFSL) is a new-age institution providing full-stack financial services to customers, enabling them to borrow, transact, save and invest seamlessly. Its digital-first model aims to ensure the holistic financial well-being of Indian citizens. Through the JioFinance app, JFSL provides a range of services including loans, savings accounts, UPI bill payments, recharges, digital insurance, financial tracking and management tools and more.
Who are the competitors of JIO Financial Serv.?
JIO Financial Serv. major competitors are Chola Invest & Fin., Power Finance Corpn., Muthoot Finance, Indian Railway Fin., REC, L&T Finance, Shriram Finance. Market Cap of JIO Financial Serv. is ₹1,52,169 Crs. While the median market cap of its peers are ₹1,23,811 Crs.
Is JIO Financial Serv. financially stable compared to its competitors?
JIO Financial Serv. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does JIO Financial Serv. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. JIO Financial Serv. latest dividend payout ratio is 19.7% and 3yr average dividend payout ratio is 1433.3%
How strong is JIO Financial Serv. balance sheet?
Latest balance sheet of JIO Financial Serv. is strong. Strength was visible historically as well.
Is the profitablity of JIO Financial Serv. improving?
The profit is oscillating. The profit of JIO Financial Serv. is ₹1,237 Crs for TTM, ₹1,613 Crs for Mar 2025 and ₹1,605 Crs for Mar 2024.
Is JIO Financial Serv. stock expensive?
JIO Financial Serv. is expensive when considering the PE ratio, however latest Price to Book is < 3 yr avg Price to Book. Latest PE of JIO Financial Serv. is 97.49 while 3 year average PE is 92.45. Also latest Price to Book of JIO Financial Serv. is 1.14 while 3yr average is 1.42.
Has the share price of JIO Financial Serv. grown faster than its competition?
JIO Financial Serv. has given lower returns compared to its competitors. JIO Financial Serv. has grown at ~-18.96% over the last 2yrs while peers have grown at a median rate of 12.29%
Is the promoter bullish about JIO Financial Serv.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in JIO Financial Serv. is 47.12% and last quarter promoter holding is 47.12%.
Are mutual funds buying/selling JIO Financial Serv.?
The mutual fund holding of JIO Financial Serv. is decreasing. The current mutual fund holding in JIO Financial Serv. is 5.97% while previous quarter holding is 7.16%.