Reliance Industries Ltd. (RIL) share price ex-JFSL has been discovered at ₹2,580 per share, while Jio Financial Services is valued at ₹261.85 per share after the special pre-opening session. The billionaire Mukesh Ambani-led oil-to-telecom conglomerate demerged its financial arm Jio Financial Services (JSFL) today. The ratio for demerger is set at 1:1.
20 Jul 2023, 03:48:38 PM IST
RIL-Jio Financial Demerger Highlights: RIL share price ex-JFSL ends at ₹2,623 apiece on NSE
Reliance Industries Ltd (RIL) share price ex-Jio Financial Services, ended at ₹2,623.00 apiece on the BSE, higher by 1.67% that its discovered price of ₹2,580.00.
On the BSE, RIL share price closed 1.19% higher at ₹2,619.80 apiece.
20 Jul 2023, 02:36:24 PM IST
RIL-Jio Financial Demerger LIVE: JFSL’s high share price a reflection of its growth potential: V K Vijayakumar
The market discovered price of ₹261.85 per share of Jio Financial Services has come much higher than most brokerages’ estimates. This high price is a reflection of the market’s assessment of Jio Financials’ potential. The wide reach of JFSL through RIL’s other business segments like Reliance Retail has the potential to grow the company at a fast pace for many years to come. The market is discounting this potential, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.