Jio Financial Services announced on Thursday that it has invested Rs 1,000 crore in Jio Finance, its wholly owned subsidiary. The investment was made through the subscription of 1,73,77,412 equity shares at Rs 10 each. The funds will be used by Jio Finance to support its business operations.
Fund managers stay selective despite June market surge
Despite market gains in June, fund managers adopted a cautious approach, selectively deploying capital. They favored financial institutions like L&T Finance and AU Small Finance