Mukesh Ambani's Jio Financial Services to get listed on this date; check details

Mukesh Ambani's Jio Financial Services, which recently demerged from Reliance Industries, is set to make its public debut on Monday, August 21. In a stock exchange filing, the company said that the scrip would be in the Trade-for-Trade segment for 10 trading days.

Jio Financial Services is currently listed under a dummy ticker and no trading is happening in the scrip. “Trading Members of the Exchange are hereby informed that effective from Monday, August 21, 2023, the equity shares of Jio Financial Services Ltd (Formerly known as Reliance Strategic Investments Limited) shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities," the company said in the filing.

The value of Jio Financial Services share price was valued at Rs 261.85 per piece on the NSE. This came after the special pre-open call auction session held on stock exchanges on July 20. Mukesh Ambani's daughter Isha Ambani has been appointed as an independent director on the board of demerged financial services.

The board of Jio Financial Services allotted 635.32 crore shares of face value of Rs 10 each to eligible shareholders of Reliance Industries. Shareholders of Reliance Industries received one equity share of Jio Financial Services each for every one share held as on July 20.

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