Jio Financial shares gain 3% after board sets date to consider maiden dividend
Shares of Jio Financial climbed as much as 2.5% on Tuesday to Rs 235.85 on the BSE after the company said that its board would consider its first-ever dividend later this week.
In a stock exchange filing, the Reliance group’s non-bank financial company said its board would meet on Thursday, April 17, to review and approve its audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, and “recommend dividend on equity shares of the Company for the financial year ended March 31, 2025.”
The company’s stock has risen nearly 10% in the last one week and is up 5.4% in the last one month. However, it remains 37% lower over the past year.
For the third quarter ended December 2024, Jio Financial…
