Asia’s richest businessman Mukesh Ambani is going to help the people of the country build their dream home. Yes, his NBFC company is planning to provide loans to common people soon. For this, work has also been started by the company. Mukesh Ambani founded his NBFC company Jio Financial last year. On Friday, the shares of Jio Financial Company closed down by more than 1 percent. Let us also tell you what kind of plan Mukesh Ambani’s company has come up with.
Information provided by the company.
Jio Finance Limited, the non-banking financial company (NBFC) of Jio Financial Services, on Friday said that it is in the final phase of launching home loan service. It has been started on a beta basis. Apart from this, the company will also introduce other products like loans against properties and loans against securities.
Addressing shareholders at the company’s first annual general meeting (post-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 will be launched on a trial basis.
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He said other products like loans against property and loans against securities are also in the pipeline. He said Jio Finance Limited has already introduced secured lending products in the market like supply chain finance, loans against mutual funds and business solutions for equipment financing.
stock drop
A day earlier on Friday, Jio Financial shares had seen a drop of over one per cent. According to BSE data, it closed at Rs 321.75 with a drop of 1.21 per cent. However, during the trading session the company’s shares also touched the lowest level of Rs 320.50. The company’s shares touched the day’s high of Rs 331.60. However, Jio Financial’s 52-week high was Rs 394.70. The company’s market capitalisation is considered to be over Rs 2 lakh crore.
