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Merger & Restructuring

Jio Financial Services Merger & Restructuring Worth ₹300 Cr

Jio Financial Services Limited has invested ₹300 Crore in its wholly owned subsidiary, Jio Finance Platform and Service Limited (JFPSL). The company subscribed to 30 crore equity shares at par to fund JFPSL's business operations in financial product distribution. The transaction was conducted at arm's length and has been completed.

Key figures
Value₹300.0 Cr
Source

NSE filing, NSE: JIOFIN. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Jio Financial Services Ltd: key numbers

Share price
₹205.15
Market cap
₹1,35,463 Cr
Revenue (annual)
₹3,513 Cr
Net profit (annual)
₹1,561 Cr
P/E (TTM)
79.1×Sector 19.7×
Promoter holding
49.13%+0.00% QoQ
FII holding
10.65%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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19:53 IST NSE
Merger & RestructuringEmkay Global Financial Services Ltd EMKAY

Emkay Global Financial Services Merger & Restructuring Worth ₹30 Cr

Emkay Global approved transferring two subsidiaries to new subsidiary ECPL and slump-selling its wealth business. Up to Rs.30 Crore rights investment in ECPL was also approved.

Value
₹30.00 Cr
Execution
Divestment completion expected within 90 days of SPA execution, subject to regulatory approvals