LIC Acquires 6.66% Stake in Jio Financial, 5% in JFSL Stock On The Second Day

Jio Financial: Life Insurance Corporation of India (LIC) has acquired a 6.66% stake in Reliance Industries' Jio Financial Services Limited (JFSL). The government insurance company gave information about this on Tuesday. In the exchange filing, LIC stated that it has acquired a stake in the company under the de-merger.

Jio Financial Services was listed in the stock market

Jio Financial Services was listed in the stock market on Monday, after which continuous decline is being seen. Today, the company's stock is trading at Rs 239.20 on the Bombay Stock Exchange (BSE), down 4.99%. At the same time, it is trading at 236.45 on the National Stock Exchange (NSE) with a lower circuit of 5%.

Shares were listed at ₹ 265 on BSE and ₹ 262 on NSE

Reliance's financial services business consists of 6 Companies

• Reliance Industrial Investments & Holdings Limited
• Jio Payments Bank Limited
• Investments in Reliance Retail Insurance Broking Limited
• Reliance Payment Solutions Limited
• Reliance Retail Finance Limited
• Geo Information Aggregator Services Limited

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