Jio Financial Service listed today at Rs. 262 apiece, flat compared to discovered price.
The exchanges in their circular stated that the scrip would be in trade-for-trade segment for 10 trading days. Meanwhile, Jio Financial Services will continue to remain in FTSE Indices, and will also be added to MSCI Global Standard Index on August 23.
The announcement of the listing was made by Reliance Industries on late Friday afternoon, that did not only result in a soon recovery of the stock but also the Nifty 50 index. The index has been registering a fall since the last four weeks and today all eyes will be on it to witness if RIL and Jio can spark any form of relief rally.
Jio Financial Services listing marks a historic event as it is after 17 years that you have a new listing from Reliance. As per market expert Prakash Diwan, the listing will not only have a broader participation from stock perspective, but also from an operational perspective.
The members in the top management at the demerged entity includes KV Kamath as the chairman, Hitesh Sethia as MD & CEO. Former SBO CFO Charanjit Attra is the COO and Abhishek Pathak is acting as the CFO.
