Jio Financial’s shares list at Rs 265 on BSE and Rs 262 on NSE; slumps 5% after debut

Shares of Jio Financial Services Ltd (JFSL), demerged from Reliance Industries, closed at 5 per cent lower circuit in trading debut on Monday. JFSL shares settled at Rs 251.75 a share on the BSE and at Rs 248.9 per share on the NSE.
The stock got listed at Rs 265 per share on the BSE and Rs 262 apiece on the NSE against the discovered price of Rs 261.85 apiece in a special pre-open session last month. It is the 31st constituent in the Sensex and the 51st constituent in the Nifty50.