Jio Finance Share Price | Beneficial update on Jio Financial Company, share price will be affected – NSE: JIOFIN
Jio Finance Share Price | Jio Financial Services Limited is in talks with multiple lenders to enter the local currency loan market, according to an update received on Thursday, January 16, 2025. Due to the strict rules of the Reserve Bank of India, it is becoming difficult for NBFC companies to raise money from the market.
When will Jio Financial Services Company raise funds?
Jio Financial Services Ltd is set to enter the loan market as early as the January-March quarter. According to Bloomberg report, Jio Financial Services Company can raise funds through loan or bond offering. Media sources said that Jio Financial Services Company used this amount to repay the loan. The size and terms of the loan to be received from Jio Financial Services Company are still in the final stages of decision. On Friday (January 17, 2025), the stock was trading 0.58% higher at Rs 278.
RBI imposed strict rules for taking loan
Meanwhile, Jio Financial Services Limited has taken this decision at a time when it has become difficult for shadow lenders to raise loans from banks due to the strict rules of the Reserve Bank of India. Indian shadow lenders have increasingly been taking offshore loans over the past year due to these stringent regulations. According to Bloomberg report, Jio Financial Services Company has not yet responded to the email on this matter.
Current Status of Jio Financial Services Stock
On Thursday, January 16, 2025, Jio Financial Services share was trading 1.56 percent higher at Rs 276.65. The 52-week high of shares of Jio Financial Services Limited Company was Rs 394.70, while the 52-week low of the stock was Rs 237.10. The total market cap of Jio Financial Services Limited Company currently stands at Rs 1,75,764 crore.
How much return did Jio Financial Services share give?
In the last one month, shares of Jio Finance Company have fallen by 18.73 percent. Jio Finance shares have fallen 19.65 percent in the last six months. However, in the last one year, Jio Financial Services shares have given a return of 11.15 percent.
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