JFS shares plunged 7.21 per cent to hit a low of Rs 268.20, before recovering some of the lost ground. The stock was still down 3.77 per cent at Rs 278.15 in the first 15 minutes into trading.
Jio Financial shares ended 14% higher on BSE on Monday following a media report stating that Jio has been in talks to buy the Paytm wallet business since November. Citing sources, the report had said as part of a larger bailout plan, Jio may offer to acquire Paytm Payments Bank.