Jio Financial Services' share price will list on the NSE at $273 following the Reliance-JFSL demerger.

Reliance - JFSL demerger :

 The Jio Financial Services share price would list on the National Stock Exchange (NSE) at 273 per share following the Reliance-JFSL demerger. This figure was made when the Reliance share price on the NSE settled at 2,580 rupees ($2.580) per share in a pre-opening special session on Thursday, after the RIL stock had closed at 2,853 rupees ($2,853 - 2,580) per share. In a special pre-opening session on the BSE, Reliance's share price decreased to 2,589 rupees per share.

Sumeet Bagadia, Executive Director at Choice Broking, commented on the Jio Financial Services share price listing after cost of acquisition, saying, "This is a strong listing of JFSL shares because as per RIL's last closing price of 2,853 on NSE, the implied value of the ex-demerged entity is 2,707 and that of RSIL is 133."

As of right now, the stock lists for Nifty and Sensex each contain 51 shares, while Jio Financial Services shares are the most recent addition to the major benchmark indices. The demerged business will also be a part of other sectors indices as well as the Nifty 100, Nifty 200, and Nifty 500 indices.

     

  RIL-JFSL demerger: Purchase price information

The RIL has already disclosed the cost of acquisition for both Reliance Industries and JFSL prior to the demerger of JFSL. According to the RIL board, RIL will bear 95.32 percent of the cost of acquiring Reliance and Jio Financial Services Ltd, with the remaining 4.68 percent going to Reliance Strategic Investments Limited or Jio Financial Services Ltd.

Jio Financial Services shares would be included to 18 S&P BSE indices, including the S&P BSE Sensex, starting July 20 for a period of three days due to Reliance Industries' participation in the special pre-open session, the Bombay Stock Exchange (BSE) stated earlier this week.