₹5 lakh crore and the apportionment ratio of 4.68% for RSIL to arrive at the net worth of RSIL, which was calculated at ₹23,500 crores. However, RIL stated that this communication is provided for the benefit of shareholders, and the company takes no express or implied liability in relation to this guidance. The CEO of Zerodha said companies normally take time, even after ex-date to announce COA.
"Without this, trading apps can't adjust the buy average price for holdings downward to account for the demerger. This increases the risk of a retail investor panicking & exiting after seeing an artificial loss," he said. Reliance Industries Ltd.
(RIL) demerged its financial arm, Jio Financial Services (JFSL), resulting in its share price being discovered at ₹2,580 per share. Additionally, JFSL's value was determined at ₹261.85 per share after a special pre-opening session. The demerger ratio was set at 1:1.
Following the demerger, RIL's share price ended at ₹2,623.00 apiece on the BSE, 1.67% higher than its discovered price of ₹2,580.00. The market discovered price for JFSL exceeded most brokerages' estimates, reflecting the market's positive assessment of JFSL's potential. The broad reach of JFSL through RIL's other business segments, such as Reliance Retail, is expected to drive significant growth for the company in the coming years.
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