Jio Financial Services: Mukesh Ambani’s another company will be listed, will get one free share, know details
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Jio Financial Services: There is a great news for the investors in the stock market. NSE has announced that Mukesh Ambani (Mukesh Ambani) another company Reliance Industries (Reliance Industries)’s financial company Jio Financial Services is going to be listed on the National Stock Exchange. The institute has announced that the company Jio Financial Services Limited will be included in Nifty 50 along with other indices from July 20. For this, a pre-open session can be organized on Thursday.
Will be included in other indices including Nifty
It has been told by NSE that apart from Nifty 50, Jio Financial Services Limited will be included in other 18 indices along with Nifty 100, Nifty 200, Nifty 500. Let us tell you that Reliance Industries is demerging Jio Financial Services. Reliance has divested its financial services venture into Reliance Strategic Investments Limited. After this its name has been changed to Jio Financial Services Limited. Now the company is completing the process of including it in other indices including NSE. In such a situation, it is considered a windfall gain for investors to invest in it.
share one get one free
The free policy is being used by the company once again in the market. In fact, the company will give one share of the new firm free of cost to each shareholder of Reliance on one share of the parent company. In such a situation, people in the market are eagerly waiting to buy the shares of the company. Let us tell you that right now Jio Financial Services Limited will give loans to the consumers on the basis of their analysis after assessing their assets. Later, the company plans to foray into insurance, payments, digital broking and asset management.
Isha Ambani will manage the company
Jio Financial Services Limited Company has been formed after the change in Reliance Strategic Investments Limited. Mukesh Ambani’s daughter Isha Ambani will run this company. Along with him, former Comptroller and Auditor General (CAG) Rajiv Mehrishi has also been inducted on the board of directors of the company. He has been made an independent director for five years. Isha Ambani in the company Non-Executive Director has been appointed as Apart from this, Anshuman Thakur, Executive Officer of Reliance has also been made Non-Executive Director.
Reliance Industries at 52-week high, market capitalization crosses Rs 19 lakh crore
Reliance Industries’ stock reached its 52-week high during trading on Tuesday. With this, the market capitalization (market cap) of the company crossed the Rs 19 lakh crore mark. At the end of trading on the BSE, the company’s stock closed at Rs 2,822.40, up 0.93 per cent. It had also touched a 52-week high of Rs 2,838, up 1.48 per cent, during the day. The company’s stock closed at Rs 2,820.45, up 0.84 per cent, on the National Stock Exchange. It had touched a 52-week high of Rs 2,837.45, up 1.45 per cent, during the day. The company’s market capitalization rose by Rs 17,456.07 crore to Rs 19,09,526.60 crore.
Company will be separated after formal listing
It is being told that after the formal listing of Jio Financial Reliance from its parent company, it will be separated in Nifty. It is believed that in the AGM of Reliance Industries, the company’s chairman Mukesh Ambani can announce the date of listing of Jio Financial Services. It is being speculated in the market that the listing of the company can be done in the last week of August to the first week of September.
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