Jio Financial Shares Rise Nearly 4% After Promoter Warrant Conversion
Jio Financial Services shares rose nearly 4% on Monday after the company converted warrants held by two promoter-group entities into equity shares. It allotted 12.5 crore shares to each entity, according to the supplied report.
New Delhi, Nov. 2 -- Jio Financial Services shares rose nearly 4% on Monday, 2 November, after the company completed the conversion of warrants held by two promoter-group entities into equity shares, increasing their combined stake in the company.The company allotted 12.5 crore equity shares each t…