Reliance Industries shareholders have a chance to earn one Jio Financial Services (JFSL) share, for every stock held, subject to a buy one, get one offer, which ends today. The offer follows the decision to demerge RIL s financial services into a separate subsidiary.
MUMBAI (Reuters) - The financial services business of India s Reliance Industries will be valued at 160-190 rupees per share, according to estimates by five analysts, with the impending demerger boosting the stock price of the country s most valuable company.
India Business News: Five analysts estimate that the financial services business of Reliance Industries will be valued at Rs 160-190 per share, with Reliance Strategic Inv
Come Thursday, Jio Financial Services Ltd (JFS) will demerge from Reliance Industries Ltd (RIL) and begin its separate journey on the stock market. Jio Financial Services will start trading as part of 19 indices, including Nifty 50, on 20th July.
Reliance Strategic Investments, part of Indian conglomerate Reliance Industries, will be demerged on July 20 and renamed Jio Financial Services (JFS). Estimates by five analysts suggest that the valuation of the financial services could be between INR160 ($1.95) and INR190 ($2.32) per share. .