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Jio Financial Services Limited (JFSL Shares) got listed on the stock market this week. The last few days have not been good for the company but now there is some good news. Motilal Oswal Mutual Fund has bought the shares of this listed company of Reliance Group. This transaction took place through open market. Let us tell you that earlier LIC bought shares of Jio Financial in bulk.
Also Read: The stock will be divided into 5 pieces, the record date has been announced
0.6 percent stake bought
In the information given to the stock markets, the company has said that Motilal Oswal has bought 3.72 crore shares. Motilal Oswal has spent 754 crore rupees for this deal. Now Motilal Oswal’s share in the company has increased to 0.6 percent. Let us tell you that Motilal Oswal has spent 202.80 rupees for one share.
The share price is Rs. 5000, the company has Rs. 4 lakh crores of work
Lower circuit is felt since 5 days
The company was listed on the stock market this week after its separation from Reliance Industries. But from Monday to Friday, Jio Financial shares are showing lower circuit every day. Let us tell you that when Jio Financial made its debut in the stock market, the share price of the company was Rs 261.85. At the same time, on Friday evening, it fell to the level of Rs 212.25 and closed.