Shares of Jio Financial Services, the demerged financial services unit of Reliance Industries, listed on the bourses on Monday, with the stock falling nearly 5 per cent on the NSE later in the trade.
Reliance-JFSL demerger: RIL board declares cost of acquisition for Reliance Industries Ltd as 95.32% and 4.68% for Reliance Strategic Investments Limited
Reliance Industries Jio Financial Services demerger: In a special pre-open call auction session held on July 20 (Thursday), the Jio Financial Services (JFSL) shares was valued at Rs 261.85 per share, as per National Stock Exchange (NSE). The market-cap for Jio Financial Services stands at Rs 1.66 lakh crore based on the share price., Markets News, Times Now
Reliance-JFSL demerger: Jio Financial Services Ltd (JFSL) is expected to list on the NSE at around ₹273 per share after its demerger from Reliance Industries Ltd (RIL)