RIL-Jio Financial demerger FAQ: Here is what shareholders need to know
Reliance Industries - Jio Financial Services Demerger: Reliance Industries Ltd. (RIL) share price gained over a percent after the demerger of its NBFC unit Jio Financial Services Ltd (JFSL), which was valued at ₹261.85 per share, much higher than analysts estimates. The stock exchanges conducted a special pre-opening session for the discovery of RIL share price and that of its financial arm JFSL.
RIL share price was discovered at ₹2,580 per share. The billionaire Mukesh Ambani-led oil-to-telecom conglomerate had earlier announced to spin off Reliance Strategic Investments Ltd., which would become Jio Financial Services and the demerger ratio was fixed at 1:1. Catch Live Updates on RIL-JFSL demerger here Here are all the questions answered on the RIL-Jio Financial Services demerger: Jio Financial Services share price has been derived at ₹261.85 apiece on the NSE after the special pre-open call auction session on stock exchanges on Thursday.
JFSL stock price would remain at ₹261.85 until it lists on the bourses. Reliance Industries share price opened at ₹2,580 per share ex-Jio Financial Services (JFSL) after the special pre-open call auction session on the stock exchanges Thursday. On BSE, Reliance share price opened at ₹2,589 apiece, while it started trading at ₹2,580 per share on the National Stock Exchange (NSE).
RIL share price gained over a percent after the demerger. Read here: RIL-Jio Finance demerger: Reliance Industries share price after Jio Financial demerger discovered at ₹2,580 apiece Jio Financial Services will be maintained in all the NSE and BSE Indices at a constant price of 261.8 per share which is derived on Thursday, July 20. However, the stock will be dropped from all the NSE and BSE indices at the last
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