Jio Financial Services Update: Ever since the record date of demerger has been announced, there is competition in the market to buy shares of Reliance.
Reliance-Jio Financial Services Shares: If you want to get the share of Jio Financial Services, the financial company of Reliance Industries, then now you have only Wednesday, July 19, 2023 left. Reliance Industries has fixed July 20 as the record date for the demerger of Jio Financial Services. That is, any investor who has shares of Reliance Industries till July 19, only he will get the share of Jio Financial.
On July 19, any investor who has the same number of shares of Reliance Industries will get the same share of Jio Financial Services. According to the plan of demerger scheme, investors will get one share of Jio Financial Services for every Reliance share. That is, the investors who want Jio Fin shares have one more day left.
Ever since the record date of demerger has been announced, there is a competition in the market to buy shares of Reliance. In Tuesday’s trading session too, Reliance’s stock saw a jump of 0.85 per cent and the stock closed above Rs 2800 at Rs 2820. By the way, the stock had also made a high of Rs 2837 during the day, which is the highest level of one year.
Will organize a special pre-open session for the shares of Reliance Industries on 20 July. On the same day the financial services business of Reliance Industries will be demerged and the share price of Jio Financial Services will be discovered. Jio Financial Services will be a part of Nifty 50 only. That is, on July 20, not 50 but 51 shares will trade in Nifty.
Jio Financial will be delinked from Nifty after the formal listing. It is believed that in the AGM of Reliance Industries, the company’s chairman Mukesh Ambani can announce the date of listing of Jio Financial Services. It is being speculated in the market that the listing of the company can be done in the last week of August to the first week of September.