Jio Financial Services to List on Exchanges on August 21: Reliance’s Financial Arm Goes Public
Jio Financial Services is set to make its debut on the stock exchanges on August 21. The listing comes after a unique “price discovery” session held by BSE and NSE last month, where the value of Jio Financial Services’ shares was determined. This financial arm of Reliance Industries (RIL) was recently demerged from its parent company. According to BSE’s circular, trading of Jio Financial Services’ equity shares will commence on August 21, 2023, and they will be included in the list of T Group of Securities. Additionally, in line with SEBI circular No. CIR/MRD/DP/02/2012 dated January 20, 2012, the scrip will be part of the trade-for-trade segment for the first 10 trading days.
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