Jio Financial Services to Hold First AGM on August 30, 2024

Synopsis: Jio Financial Services Limited (JFSL) is set to hold its first Annual General Meeting (AGM) on August 30, 2024, via video conferencing. The company, which recently listed on the BSE and NSE, has seen its shares surge by 41% in 2024. JFSL, a core investment company, operates various financial services through its subsidiaries and strategic joint ventures, including partnerships with BlackRock and SBI. Mukesh Ambani highlighted the company’s focus on using technology to enhance financial inclusion in India.

Jio Financial Services Limited (JFSL), formerly known as Reliance Strategic Investments Limited, has announced that its first Annual General Meeting (AGM) will be held on Friday, August 30, 2024, at 2:00 PM IST. The meeting will be conducted through video conferencing and other audiovisual means, as detailed in a filing with the Bombay Stock Exchange (BSE). This meeting marks a significant milestone for JFSL following its recent demerger from Reliance Industries Limited (RIL) and subsequent listing on the BSE and NSE on August 21, 2023. The company’s shares have already seen a 41% increase in 2024.

JFSL operates as a core investment company registered with the Reserve Bank of India and engages in various financial services through its consumer-facing subsidiaries, including Jio Finance Limited (JFL), Jio Insurance Broking Limited (JIBL), and Jio Payment Solutions Limited (JPSL). The company has also entered into several strategic joint ventures, such as with BlackRock to establish an Asset Management Company, and with SBI for the Jio Payments Bank Limited (JPBL). Additionally, Jio Leasing Services Limited (JLSL), another subsidiary, has launched a 50:50 joint venture, Reliance International Leasing IFSC Limited, focused on ship leasing based in Gujarat’s GIFT City.

Mukesh Ambani, in the annual report to shareholders, emphasized JFSL's commitment to driving financial inclusion in India by leveraging technology to make financial products more accessible and affordable.

Disclaimer: This article is for informational purposes only and should not be considered financial or investment advice. Please consult with a qualified financial advisor before making any investment decisions. The details provided are based on publicly available information and may be subject to change.