A news source called Reuters said that Jio Financial Services might issue its first bonds between January and March 2024. The money will likely be raised through five-year bonds, the news source said.

The National Stock Exchange (NSE) opened higher on November 21 for Mukesh Amabi’s business after news of its first bond release hit the news. On November 20, the stock sold at ₹215.5 on the NSE. At 9:20 a.m. today, it was worth ₹217.60.

Four people told Reuters that Jio Financial Services was in early talks with bankers and that the company “may tap the market in the last quarter of the financial year.” The company has not yet replied to the story, though.

In August 2023, JFS stock was first listed on the National Stock Exchange and the Bombay Stock Exchange. It was priced at ₹262 and ₹265 per share. Even though the company made a net profit of ₹668 crore in Q2 FY24, the stock price has been slowly going down over the last three months.

Jio Financial Services-RIL demerger

Jio Financial Services chose to break away from Reliance Industries Limited in order to become a full-service financial sector player. After it was split up, JFS and BlackRock announced they would work together on an asset management business for 50/50.

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According to the rules of the partnership, each side will put in USD 150 million at the start. To add Isha Ambani, Anshuman Thakur, and Hitesh Sethia to the board of directors of JFS, the company also got permission from the Reserve Bank of India (RBI).

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Jio has launched new prepaid plans that contain a special bonus – a bundled Netflix subscription – in an exciting update for its prepaid subscribers. Previously, Netflix subscriptions were only accessible with select Jio Postpaid and Jio Fibre plans; however, this is the first time a Netflix subscription is available as part of a prepaid plan. Through these new bundled prepaid plans, more than 400 million Jio prepaid consumers will now be able to access and enjoy a Netflix subscription.

The initial prepaid plan costs Rs 1099. The plan includes a Netflix membership, but it is only available to mobile customers. Along with the Netflix subscription, the Jio welcome offer includes unlimited 5G data and 2GB of data each day. You also receive unlimited phone calls and an 84-day validity period.

The second plan costs Rs 1499. It also includes a Netflix subscription, but it is not confined to mobile devices; you can also use it on a huge screen. Along with the Netflix subscription, the Jio welcome offer includes unlimited 5G data and 3GB of data each day. You also receive unlimited phone calls and an 84-day validity period.

“Our dedication lies in providing top-notch services to our users,” said Kiran Thomas, CEO of Jio Platforms Limited, of this significant development. Incorporating Netflix among our prepaid plans is another step towards demonstrating our dedication. Our collaborative efforts with global partners like Netflix continue to grow, and we’re jointly setting standards for the rest of the world to follow.

Tony Zameczkowski, Netflix’s Vice President of APAC Partnerships, expressed his excitement about the expanded cooperation with Jio. “We are extremely excited to expand our association with Jio,” he said. We have successfully presented a varied assortment of popular local shows, documentaries, and films to viewers across India over the years. Our library of must-see storytelling is growing, and our innovative prepaid bundle relationship with Jio will give a broader audience access to this enthralling mix of Indian material as well as engaging stories from around the world.”

Netflix India has handpicked a wide range of films and programmes spanning multiple genres and creative formats. Several local hit shows and films have been produced on the platform, including Delhi Crime, Rana Naidu, Class, Kohrra, Darlings, RRR, Gangubai Kathiawadi, Monica O My Darling, Shehzada, Lust Stories, and others. In addition to its impressive Indian catalogue, Netflix has a diverse selection of internationally acclaimed episodes and films, including international hits such as Money Heist, Squid Game, Never Have I Ever, Stranger Things, and Wednesday.

Netflix revealed an amazing list of Tamil and Telugu language films earlier this year, with titles such as Beast, Godfather, Dhamaka, Love Today, Major, Dasara, and Virupaksham.

This debut of Netflix through a combined telco prepaid plan is particularly noteworthy. There are two prepaid plans available:

These innovative bundled deals give an attractive proposition that smoothly blends entertainment and connectivity for Jio prepaid consumers who are also Netflix aficionados.

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