Shares of Reliance's Jio Financial Services fall 5% on market debut

Shares of Reliance's Jio Financial Services fall 5% on market debut

FILE PHOTO: Commuters are reflected on an advertisement of Reliance Industries' Jio telecoms unit, at a bus stop in Mumbai, India, February 21, 2017. REUTERS/Shailesh Andrade/File Photo

Shares in India’s Jio Financial Services (JFS), carved out of billionaire Mukesh Ambani’s Reliance Industries, fell as much as 5% on their trading debut on Monday, valuing the company at 1.58 trillion rupees ($19 billion).