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
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: