Jio Financial Services Demerger: JFS to list at Rs 261.85 per share at NSE

The Demerged entity of Reliance Industries Limited, Jio Financial Services (JFS) has begun trade as part of the NSE and BSE from today. JFS listed on the NSE at 261.85 per share.

The price was fixed after the pre-auction call. Reliance's share price settled at Rs 2,580 on the NSE in the pre-open session. On Thursday, Reliance closed at Rs 2,841.85 per share. The difference between the closing price and the price arrived at during the pre-open session gives the price (Rs 273) at which Jio Financial Services would trade on the NSE.

Also Read: Jio Financial Services to trade as part of Nifty 50, Sensex for 3 days starting July 20

Similarly, on BSE, Reliance share price settled down at ₹2,589 per share in special pre-opening session.

Since JFSL will be trading as a part of Nifty50 until the time it gets listed as a separate entity, Nifty will have 51 shares. Meanwhile, Sensex will have 31 shares with JFSL being the latest entrant. The National Stock Exchange had also said that the demerged entity will also be included in the Nifty 100, Nifty 200 and Nifty 500 indices along with other sectoral indices.