At present, Jio Financial consists of little more than a 6% stake in its parent, which would have cost 173 rupees at Wednesday’s closing price, compared to the 262 rupees investors ascribed to the spun-off entity. It’s a, considering the lending company starts with a tiny $244 million loan portfolio as of March 2022.
Ambani will have his task cut out to deliver on expectations, despite a reputation for upending industries from telecoms to retail. He’s up against consumer lending champion Bajaj Finance