Latest Markets Business BEEPS Earnings Personal Finance

Jio Financial Services Promoters To Acquire 2.2% Stake In Subsidiary

The acquisition will take place between March 7 and March 31.

Sreshti Srinivasan

File photo of Jio Financial Services listing ceremony. (Source: Vijay Sartape/NDTV Profit)

Two Jio Financial Services Ltd. promoters plan to acquire 14 crore shares of the financial company's subsidiary.

Sikka Ports and Terminals Ltd. and Jamnagar Utilities and Power Pvt. will take over 2.2% stake in Reliance Industries Holding Pvt. The acquisition will take place between March 7 and March 31, an exchange filing said Monday.

Sikka Ports and Terminal and Jamnagar Utilities and Power held 0.61% and 0.72% stake in Jio Financial Services, respectively, as of December 2023.

Shares of Jio Financial Services closed 1.71% lower at Rs 322.60 apiece, compared to a 0.09% rise in the benchmark BSE Sensex.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
WRITTEN BY
Sreshti Srinivasan
Sreshti Srinivasan covers markets and business news at NDTV Profit. She hol... more
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google
Beeps Img

ITR Deadline 2025: No Extension In Due Date, Clarifies Income Tax Department

  • chevron-double-right Deadline for filing income tax returns is September 15, 2025, confirmed by IT Department
  • chevron-double-right Fake news about extension to September 30, 2025, has been denied by official sources
  • chevron-double-right Late filing penalties up to Rs 5,000 apply; belated returns accepted until December 31
More Beeps chevron-right

RECOMMENDED FOR YOU

SpiceJet Shares Tumble Following Q1 Loss Of Rs 234 Crore
timelogo Sep 08, 2025
Jio Financial Raises Rs 3,956 Crore From Promoters Via Warrant Issue
timelogo Sep 03, 2025
Reliance Industries Share Price Continues To Fall Post Jio Listing Announcement
timelogo Sep 01, 2025
UltraTech Cement To Sell 6.5% Stake In India Cements, Sets Floor Price
timelogo Aug 20, 2025

POPULAR

1
Stock Market LIVE: GIFT Nifty Hints At Muted Open; ICICI Bank, Vedanta, Waaree Energies Shares In Focus
2
iValue Infosolutions IPO: Price Band Set For Rs 560-Crore OFS Opening Sept. 18
3
Mumbai Rains Live: IMD Issues Orange Alert As Heavy Rains Lash City
4
Emmy Awards 2025: The Studio's Seth Rogen To Adolescence's Owen Cooper—Check List Of Winners
5
Seven of Two Families Killed As Car Falls Off Ring Road In Jaipur