Reliance Industries’ demerged financial services unit -- Jio Financial Services (JFSL) is all set to be listed on bourses on August 21, 2023. JFSL demerged from the company last month and is currently listed under a dummy ticker after its price discovery at Rs 261.85 but there is no trading happening in the scrip.
The equity shares of Jio Financial Services (formerly known as Reliance Strategic Investments) shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities. The scrip, which will be abbreviated JIOFIN, will be in the Trade-for-Trade segment for 10 trading days.
JFSL will offer a broad range of financial services solutions and has plans to expand operations into insurance, digital payment and asset management verticals.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
Company Name | CMP |
---|---|
Reliance Industries | 2850.20 |
Indian Oil Corp. | 162.85 |
BPCL | 618.65 |
HPCL | 498.90 |
MRPL | 209.30 |
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