FTSE reverses its decision, wave of happiness among Reliance investors – jio financial will not remove from global indices, ftse withdraws decision

New Delhi: A big update has come out regarding Reliance Industries’ new company Jio Financial Services. The date of listing of the company has come to the fore. Recently, Reliance Industries had separated itself from Jio Financial Services, after which investors were waiting for when the listing date of Jio Financial Services would come. This wait of the investors is over now. The date of listing of Jio Financial Services has been issued by the company. The company will be listed on August 21. At the same time, FTSE has changed its decision regarding the listing.

The company said that on August 21, the listing of Jio Financial will be done in the stock market. Meanwhile, news came that Mukesh Ambani’s company Jio Financial Services would be removed from All World Index from 22 August. FTSE announced that Geo Financial would be removed from the FTSE All World Index. However, after a few hours of this decision, FTSE changed its decision and said that Jio Financial Services will remain in the FTSE index.

According to valuation, it will be the 32nd largest company in the country. Its market cap is more than that of Tata Steel, Coal India, HDFC Life and SBI Life. Bajaj Finserv is currently the largest NBFC in the country with a market cap of Rs 4.2 lakh crore. Currently, Cholamandalam Investment & Finance is at number two with a market cap of Rs 83,000 crore. JFSL will be a bigger company than Bajaj Holdings & Investments, SBI Cards, Shriram Finance, Muthoot Finance and Paytm.