Vikrant Shekhawat : Aug 31, 2024, 06:20 PM
Mukesh Ambani News: Asia's richest businessman Mukesh Ambani is now ready to fulfill the dreams of the countrymen. His NBFC company, Jio Financial Services, is working on a plan to offer home loans soon. The company recently launched a beta version of the home loan service and also plans other products like loans against property and securities.Although Jio Financial shares closed 1.21% lower at Rs 321.75 on Friday, the company has already introduced secured loan products like supply chain financing and equipment financing in the market. The company's 52-week high share price was Rs 394.70, and its total market cap is over Rs 2 lakh crore.The company gave informationJio Financial Services' non-banking financial company (NBFC) Jio Financial Services Limited on Friday said it is in the final phase of launching a home loan service. It has been started as a test (beta). Apart from this, the company is also going to introduce other products like loan against property and loan against securities.Addressing the shareholders in the first Annual General Meeting (after listing) on Friday, the company's Managing Director and Chief Executive Officer (CEO) Hitesh Sethia said that we are in the final stages of launching home loans, which have been started on a trial basis.He said that other products like loan against property and loan against securities are also in the process. He said that Jio Financial Services Limited has already introduced secured loan products like supply chain financing, loan against mutual funds and enterprise solutions for equipment financing in the market.Fall in sharesA day earlier i.e. on Friday, Jio Financial's shares have seen a decline of more than one percent. According to data from BSE, it closed at Rs 321.75 with a decline of 1.21 percent. However, during the trading session, the company's stock also reached a lower level of Rs 320.50. The company's stock reached a day's high of Rs 331.60. However, Jio Financial's 52-week high was Rs 394.70. The company's market cap is seen to be more than Rs 2 lakh crore.