Jio Financial shares drop by over 6%; here’s what you should know about the Q3 results
Tuesday, 16 January 2024
Shares of Jio Financial Services (JFSL), the financial arm that demerged from Reliance Industries (RIL), declined 6.25% on Tuesday due to a 56% decrease in Q3 profit. The drop is attributed to the absence of dividend income from RIL shares. JFSL plans to focus on secured lending, start a leasing business, and explore supply chain financing.
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