Reliance Share Price Today Live Updates: JFSL and RIL Seprated

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Reliance Share Price Updates: Demerger of Reliance-JFSL: Reliance Industries Ltd (RIL) has separated Jio Financial Services Ltd (JFSL) from itself and after demerger of JFSL from its main company Reliance Industries Ltd (RIL), Jio Financial Services the share price of JFSL is anticipated to be listed on NSE at ₹273 per share.

Price of JFSL and RIL Stock

Now, share price of JFSL  shows that there’s an increase of Rs 140 from the share price of Rs 133 by Reliance Industries Ltd and valuations of JFSL are at Rs 261.45 per share after the demerger of RIL and JFSL. 

Billionaire Mukesh Ambani’s JFSL has grabbed all the bulls of Reliance Industries Ltd when NBFC unit’s share price has been released and it showed Rs. 261.85 per share, which is higher than brokerage around up to Rs.190.

On Thursday, In the end of pre-open call auction session on stock exchanges, the market price of Jio Financial Services Ltd (JFSL) was taken  at Rs. 261.85 per share on NSE. Due to the impact of demerger, the share price of Reliance Industries Ltd had fallen to Rs. 2,580 but revived up to 1.93% after trading resumed from 10.30am.

On July 19, Reliance Industries Ltd declared the post-demerger acquisition cost for Reliance Strategic Investment Limited, which was renamed as Jio Financial Services Ltd is approximately 4.68%. Closing share price on Wednesday was Rs 2840 on BSE. 

On NSE, Reliance Industries Ltd had ended last session on Wednesday at Rs. 2841.85 although today’s session started with share price of Rs. 2580 and just after the demerger of Reliance Industries Ltd and Jio financial Services Ltd’s stock price fell down to Rs. 261.85 which was considered as the price of JFSL. 

All the shareholders of Reliance Industries Ltd will be eligible to buy JFSL shares for example, if you own 100 shares of Reliance Industries Ltd then you will automatically get 100 more shares as a reward. But you cannot participate in trading until it gets listed in the stock exchange.

We can expect the listing date for the stock in the next 2 or 3 months to be announced by Reliance Group.

Reliance Industries Ltd demerger’s Impact in Nifty

“Jio Financial Services Ltd can lose grip on the index of NSE and BSE at the trading price which can be effective for the opening of the listing date of JFSL. “Abhilash Pagaria stated if Jio Financial Services Ltd lists itself on 21st August, 2023 then there are chances of the stock of JFSL to get deleted on the next day.

Decision of demerger has been taken to keep all the financial services separate from the other businesses that can attract investors, lenders, partners, other stakeholders etc stated Bonanza.  

“JFSL is basically a financial services undertaking that invests in companies of Reliance Group which are— Reliance Industrial Investments and Holdings, Jio Payments Bank, Reliance Payment Solutions, Reliance Retail Finance, Reliance Retail Insurance Broking and Jio Information Aggregator Services.”