Reliance-JFSL demerger: Jio Financial Services Share Price Set at ₹273 on NSE

Reliance-JFSL demerger: Jio Financial Services Share Price Set to Make Strong Debut at ₹273 on NSE

The highly anticipated Jio Financial Services (JFSL) share price listing is set to make waves on the National Stock Exchange (NSE) at ₹273 per share. Following the demerger from Reliance Industries Limited (RIL), the Jio Financial Services Share Price has been a focal point for investors. With the RIL stock settling at ₹2,580 apiece on NSE in a special pre-open session, excitement is building around the value of the newly listed entity. The JFSL Shares or Jio Financial Services Share Price are poised to become a prominent player in the market, as they are included in several key benchmark indices, including Nifty 100, Nifty 200, and Nifty 500. Let’s delve into the details of this highly-anticipated listing.

The Impressive Listing:

Jio Financial Services Share Price listing at ₹273 per share is a testament to the strong performance of Reliance Industries. With RIL’s last closing price of ₹2,853 on NSE, the implied value of the ex-demerged entity is ₹2,707, and that of RSIL stands at ₹133, according to Sumeet Bagadia, Executive Director at Choice Broking. This robust listing is garnering attention and interest from investors, signaling a promising journey ahead for JFSL.

Inclusion in Key Benchmark Indices:

The listing of Jio Financial Services shares has paved the way for its inclusion in various benchmark indices. Notably, Nifty will now feature 51 shares, while Sensex will have 31 shares in its stock list, with JFSL being the latest entrant. Moreover, the demerged entity will be included in the Nifty 100, Nifty 200, and Nifty 500 indices, along with other sectoral indices. This increased visibility is expected to further enhance JFSL’s market presence.

Cost of Acquisition Declaration:

Ahead of the JFSL demerger, Reliance Industries had already declared the cost of acquisition for both Reliance and Jio Financial Services Ltd. The acquisition cost for RIL stands at 95.32 percent, leaving the remaining 4.68 percent for Reliance Strategic Investments Limited or Jio Financial Services Ltd, or JFSL. This disclosure provided clarity and transparency to investors regarding the distribution of ownership in the newly demerged entities.

S&P BSE Inclusion:

The Bombay Stock Exchange (BSE) has announced that Jio Financial Services shares will be added to 18 of the S&P BSE indices, including the prestigious S&P BSE Sensex, commencing July 20. This inclusion reflects the significance of JFSL’s presence in the market, further solidifying its position as a prominent player in the financial sector.

Conclusion:

The listing of Jio Financial Services Share Price at ₹273 on NSE marks an exciting new chapter for this demerged entity. The strong debut and inclusion in major benchmark indices signify a promising future for JFSL. As the financial markets continue to watch this new player, investors are eagerly awaiting the unfolding of its potential and growth trajectory. With its parent company, Reliance Industries, backing its journey, JFSL is poised to leave a lasting impact in the financial landscape, attracting both attention and investment opportunities.

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