Jio Financial shares drop by over 6%

Shares of Jio Financial Services (JFSL), the financial arm that demerged from Reliance Industries (RIL), declined 6.25% on Tuesday due to a 56% decrease in Q3 profit. The drop is attributed to the absence of dividend income from RIL shares. JFSL plans to focus on secured lending, start a leasing business, and explore supply chain financing.

from Times of India https://ift.tt/yLtDh6C