At present, the company's stock is trading at Rs 2623.20 on BSE with a gain of 1.30 per cent. If we compare it with yesterday's closing price, then it is trading with a decline of 7.63 per cent.
After the special trading session for Reliance, the share price of Jio Financial has been fixed in the stock market. The share price of Jio Financial Services is listed on the National Stock Exchange ie NSE at Rs 261.85 per share. This means that any investor who holds 1000 shares of Reliance will also get 1000 shares of Jio Financial. That is, investors will get a benefit of Rs 2,61,850 in a jiffy. Let us also explain this whole calculation to you and tell that where the shares of Reliance opened in this special session and what is its price at present.
Jio Financial's share became Rs 261.85
Jio Financial's share has been listed on the National Stock Exchange at Rs 261.85. It may take two to three months for its IPO to come. But let us explain to you that after all this figure of Rs 261.85 was found, according to the calculation, in the special pre-open session, the price of Reliance share on NSE was fixed at Rs 2,580 per share. A day before this, the stock of RIL had closed at Rs 2,841.85 per share on NSE. Now the formula is that Reliance Industries closing a day before — Open price of special session: Jio Financial's stock price ie 2,841.85—2,580: Rs 261.85.
On BSE, the Reliance share price came at Rs 2,589 per share in the special pre-open session. Whereas a day ago the closing price of the company's stock was Rs 2,840. The formula will be the same as used above. Means 2,840—2,589 : 251 rupees. This means that Jio Financial is listed at Rs.251 on BSE.
Reliance shares status
If we talk about Reliance shares, then after the closing of the special session, it is trading at Rs 2,611.95 on the NSE with a gain of about 1.25 per cent. If we compare it with yesterday's closing price, then it is trading with a decline of about 8 per cent. On the other hand, the company's stock is currently trading at Rs 2623.20 on BSE with a gain of 1.30 per cent. If we compare it with yesterday's closing price, then it is trading with a decline of 7.63 per cent.
Changed equation of Sensex and Nifty
Speaking on Jio Financial Services share price list after cost of acquisition, Sumeet Bagadia, Executive Director, Choice Broking said in a media report that it is a strong list for JFSL shares as the Implied Value of the ex demerged entity is Rs 2,707 and RSIL is Rs 133 as per the last closing price of RIL on NSE at Rs 2,853. . From today, Nifty will have 51 stocks while Sensex will have 31 stocks in its stock list and new entrant Jio Financial Services will have shares in the major benchmark index. The demerged units will be included in the Nifty 100, Nifty 200 and Nifty 500 indices as well as other sectoral indices.
RIL board announces cost of acquisition
Prior to the demerger of JFSL, RIL had already announced the cost of acquisition for both Reliance Industries and JFSL. The RIL board announced that the cost of the acquisition of Reliance and Jio Financial Services Limited would be 95.32 per cent for RIL, while the remaining 4.68 per cent would be for Reliance Strategic Investments Limited or Jio Financial Services Limited or JFSL. Earlier this week, the Bombay Stock Exchange (BSE) announced that shares of Jio Financial Services would be added to 18 of the S&P BSE indices, including the S&P BSE Sensex.
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