Shares of Ambani’s new company are available for free, when will the listing happen, know the answers to every question. Tomorrow i.e. July 20 is going to be a very important day for Mukesh Ambani’s company Reliance Industries. This day is the record date for the de-merger of Reliance’s financial services business company. Meanwhile, Reliance Industries shares reached a new 52-week high of 2,845 on Wednesday. However, there is a lot of confusion among investors related to this de-merger. We will tell you every single thing related to it.
Here are the answers to all the questions about Shares of Ambani’s new company
Question: What is the de-merger plan?
Answer: Last year, Reliance Industries announced the separation of its financial services business into Reliance Strategic Investments. The name of this demerged entity has been changed to Jio Financial Services. For your information, the date of listing of Jio Financial has not been announced. At the same time, this share has been included in different indices of the National Stock Exchange ie NSE.
Question: What is the meaning of D-merger?
Answer: With Reliance’s D-merger, Jio Financial Services will become India’s fifth-largest company in this sector.
Question: What will the shareholders of Reliance get?
Answer: Under the de-merger arrangement, shareholders of Reliance will get one additional share of Jio Financial Services. Suppose you have one share of Reliance Industries, then automatically one share of Jio Financial Services will come in your portfolio. However, you will be able to see this only after the listing of Jio Financial Services in the stock market.
Question: What is the meaning of record date?
Answer: A company fixes a record date for passing on the benefits of any corporate action to its shareholders. Through this, eligible shareholders are identified. In the case of Reliance also, July 20 has been fixed as the record date for the allotment of shares of Jio Financial Services to eligible
shareholders. Understand in simple language, if an investor holds Reliance shares on July 20, he will be eligible to receive Jio Financial shares. Today i.e. July 19, is the X-record date. Explain that the shareholding pattern in Jio will be similar to that of Reliance Industries.
Question: What does it mean to join NSE?
Answer: On July 20, a special pre-open session will be organized in NSE to discover the share price of Reliance Industries company Jio Financial Services. Apart from the benchmark Nifty, Jio Financial will also be included in other indices like Nifty 100, Nifty 200, and Nifty 500. Jio will be the 51st stock on the Nifty under this event.
Also, Read This: LIC IPO: If you have a LIC policy, you will get a reservation in this IPO
Question: Is Jio Financial’s inclusion in Nifty permanent?
Answer: No, Jio Financial will be delisted from the index of Nifty after the end of the day on the third day of its formal listing. While the listing date is yet to be decided, the market expects Jio to resume business as usual in September or October.
Question: What is the share price of Jio Financial?
Answer: All analysts have ratings on Jio Financial in the range of Rs 160 and Rs 200. Axis Securities has estimated the value of the shares at Rs 160 per share. Brokerage Nuwama estimates at Rs 168 per share. Let us know that Jio’s listing will happen after the entire process of de-merger is over
