Reliance Share Price: Ambani’s new stock came in the market, the price is 10 times cheaper than Reliance Industries
The market value of the demerged company JFSL was calculated in a special pro-open trading session from 09 am to 09:45 am on the major stock exchanges today.
Reliance Share Price | New Delhi:
After the end of the special pre-open call auction session on the stock exchange, the market price of Jio Financial Share Price on NSE has been evaluated at Rs 261.85 per share.
In view of the demerger, the share price of Reliance Industries fell to Rs 2,580.
There will be a change in the name of Reliance Strategic Investments
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RIL has announced that the post-demerger acquisition cost of Reliance Strategic Investment Limited is 4.68 per cent.
Reliance Strategic Investment Limited is now being renamed as Jio Financial Services Limited (JFSL).
At the time of closing of the market on Wednesday, the share price of Reliance Industries was at Rs 2,840 on BSE.
If this price is taken into account, the acquisition cost comes down to Rs 133.
Special pro-open trading session organized
The market value of the demerged company was calculated in the special pro-open trading session on BSE and NSE from 09 am to 09:45 am today.
Under this, there was no normal trading in RIL’s stock till 10 am.
Jio Financial Services Limited will be included in major indices
The listing of this stock may happen in the next two to three months and it is believed that this may be announced in the upcoming AGM of Reliance.
Shareholders holding shares of Reliance Industries till Wednesday i.e. July 19 will be eligible to receive JFSL shares in 1:1.
For example, if you hold 100 shares of RIL till July 19, you will get 100 shares of JFSL.
NSE Jio Financial will be temporarily included in Nifty50, Nifty100, Nifty200, Nifty500 and 15 more Indices. However, till the listing, the share price of JFSL will remain the same.
