RIL shares slide nearly 3% on disappointing Q1; fall 12% in 4 sessions
RIL's market cap has eroded by ₹2.27 lakh crore in the last three trading days after hitting all-time high of ₹19.21 lakh crore in intraday trade on July 19.
jio financial demerger
July 2023
Explainer: What does RIL-JFSL demerger mean for shareholders?
The share price for Jio Financial Services was discovered at ₹261.85, which was much higher than analysts’ estimate of ₹160-190 per share
Jio Financial share price fixed at ₹261.85 after demerger; RIL up 1.5%
The new share price of RIL ex-JFSL was discovered at ₹2,580 per share and that of Jio Financial Services at ₹261.85 after the special pre-opening session on the NSE.
RIL share hits fresh 52-week high ahead of Jio Financial demerger; m-cap crosses ₹19 lakh cr
Investors rushed to buy RIL shares amid hope that it would unlock value for shareholders post demerger of Jio Financial Services.
Reliance sets July 20 as record date for Jio Financial demerger
Hitesh Kumar Sethia has been appointed as MD and CEO of the new entity for a period of 3 years; Isha Ambani, Rajiv Mehrishi to be inducted on the board of the demerged unit.
