Reliance demerger

Reliance demerger

Reliance Demerger: Jio Financial Services Valued at Rs 261.85 per Share

TIn recent news, Reliance Industries (RIL) has made a significant announcement regarding the demerger of its financial services subsidiary, Jio Financial Services (JFSL).

The market price of JFSL shares has been set at an impressive Rs 261.85, surpassing the earlier predictions made by brokerage firms, which estimated it to be around Rs 190 per share.

– The Reliance demerger is set to take place on July 20, 2023, as announced by the company. RIL’s financial services division will be demerged and listed separately on the stock exchanges under the name Jio Financial Services Ltd.

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