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Jamnagar Utilities and Power, the promoter unit of Reliance Industries (RIL), has bought Jio Financial Services (JSFL) at Rs. 208-211 bought around 5 crore shares. According to brokers, there have been many big deals on NSE. About 9.03 crore volumes were affected on the exchange which is more than the previous day. This information has been given in a report of ET Now.
3.72 crore shares were bought in the NBFC
Earlier, local fund house Motilal Oswal MF bought 3.72 crore shares in a bulk deal in the NBFC on Friday. According to exchange data, the transaction was done at Rs 202.8 crore, taking the value of the deal to around Rs 754 crore. After hitting the lower circuit for several days in a row, exchanges refrained from delisting the stock from the index. Currently, JFSL will now be delisted from all S&P BSE indices on 31st August.
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The listing happened last week
Let us tell you that Jio Financial Services shares were listed at 265 rupees on August 21. Since then the shares of the company were continuously falling. However, the company’s shares jumped 5% today. Its closing price is Rs. is 221.70.