Monica Malik Instagram – In a board meeting held at Reliance industries, the post-demerger acquisition cost for Reliance Strategic Investments Limited (Jio Financial Services Ltd after listing) was pegged at 4.68% of the closing price of RIL on BSE at the end of 19th July session (INR 2840).
This came out to be INR 133/share.
However, in a special pre-open call auction session held on 20th July, the market price of JFL was derived at INR 261.85/share on NSE.
Therefore, taking into account the effect of demerger, the share price of RIL fell to INR 2580 after it resumed trading at 10 AM.
JFL will be listed on stock exchange in the next 2-3 months. Then, all the shareholders of RIL on 20th July will get one share of JFL for each share of RIL they have, and they can start trading in JFL shares.
#reliance #jio #relianceindustries #reliancejio #education #business #earnmoney #finance #personalfinance #investingforbeginners #financialfreedom #financialindependence #reelsinstagram #explore | Posted on 22/Jul/2023 15:20:07
