Reliance industries shares won’t be accessible for regular trading. Reasons why
Due to the National Stock Exchange and BSE Demerger, a special pre-market session will be held for Reliance Industries Limited on July 20. On the same day, Reliance Industries will alter the name of the entity it plans to merge with Reliance Strategic Investments Limited to “Jio Financial Services Limited.”
For each share of Reliance they own, shareholders will receive one share in Jio Financial Services Limited.
Along with the demerger of Jio FSL, Reliance will also see the beginning of new contracts for Jio Financial Services Limited. This occurs as Reliance Industries’ current contracts are set to expire on Wednesday.
Reliance Industries will release its Q1 financial reports and earnings on July 21. This is for the fiscal year 2024.
shareholder of reliance ind.ltd.
who already own shares of the firm as of June 20th will shortly obtain separate units of Reliance Strategic Investments (soon to be known as Jio Financial Services or JFS) in a 1:1 ratio. Analysts predict that JFS will list on stock markets in the next three months for somewhere between Rs. 150 and Rs. 190.
Due to Reliance Industries changing the demerger date, JFS shares would initially be temporarily included in benchmark indexes like Nifty for price discovery. After today’s trading hours, an indicative dummy ticker will be made for it, using the NSE’s most current indexing procedure. There may be an impact on the share price because 6.1% of RIL’s treasury shares are being moved to a separate unit.
Reliance Industries’ rates, which are going to be displayed on the counters on Thursday. JFS will also be included to Nifty, a 51-stock trading index, at a steady price.
Please be aware that certain items appears to be repeated more than once. The translation is accurate and follows the text exactly.
The Nifty 100, Nifty 200, Nifty 500, Nifty 50 Equal Weight, Nifty 500 Multicap 50:25:25, Nifty Commodities, Nifty Energy, Nifty India Manufacturing, Nifty Infrastructure, Nifty LargeMidcap, and other indexes will all include Jio Financial Services Limited as of July 20.
Nifty Low Volatility 50, Nifty Mobility, Nifty Oil and Gas, Nifty Total Market, Nifty 100 ESG, Nifty 100 Liquid 15, and Nifty 100 Low are other indices included in this group 30 Volatility.
The deadline for purchasing Jio Financial Services (JFS) shares from Reliance Industries Limited (RIL) is today.
On July 20, RIL would rename the company that will be merged with Reliance Strategic Investments Limited as Jio Financial Services Limited (JFS). Shareholders must buy Reliance Industries’ shares right now if they want to keep JFS distinct.
Axis Securities anticipates that JFS will list for about Rs. 160. JFS will be valued at around Rs. 1,08,597 crores after the demerger (equal to RIL’s treasury stock valuation, 1x RIL’s treasury stock valuation).
Given that there are 676.60 crore outstanding shares of the corporation, each share is worth around Rs. 160. It is predicted that JFS’s shareholding structure
30 Volatility.
to resemble Reliance Industries in some way
Despite the fact that JFS did not receive a full allocation, Axis Securities believes it to be essential. The regulatory reserves are advantageous to the business.
Brokerage companies anticipate that buying Reliance Industries shares before the record date would be a more affordable option for investors to obtain shares of Jio Financial Services.
On the other side, a special pre-market session will be held for Reliance Industries Limited on July 20 due to the National Stock Exchange and BSE Demerger. Today marks the expiration of all Reliance Industries derivative contracts, and the demerger will result in the presentation of new ones.
It will be included in 18 indexes on the BSE, such as the BSE 100, BSE Sensex 50, BSE 100 Large Cap 100 TMC, BSE 200, BSE 500, BSE India Manufacturing Index, BSE 250 LargeMidcap Index, BSE Large Cap, BSE LargeMidcap, BSE All Cap, and BSE Greenex.
