Jio Financial Services stock jumps 3% to 6-month high after capital infusion in payments bank arm
Jio Financial Services share price in focus today: Shares of Jio Financial Services (JFSL) extended their gains for the third straight session on Thursday, June 12, rising 3% intraday to touch a six-month high of ₹312 per share, mirroring the positive trend in the Indian stock market.
The rally comes after the company announced on Wednesday that it has infused ₹190 crore into its payments banking arm, Jio Payments Bank Ltd. According to its regulatory filing, JFSL has been allotted 19 crore equity shares of ₹10 each in the wholly owned subsidiary, with the investment made in cash at face value.
