Key Points
The demerger of the financial services business by Reliance Industries (RIL) gave benchmark index Nifty 50 a bonus stock, Jio Financial Services, making it the 51st candidate in the pack...
Stock exchanges conducted a special pre-open session in shares of RIL between 9 AM and 9:45 AM to derive the price of Jio Financial...
The price of Jio Financial was calculated based on the difference between Wednesdays close price of RIL and the price discovered in the special pre-open session...
Assuming the hypothetical price scenario for Jio Financial on the trading + third day of listing, At Rs 261.8 a share, Nifty 50 index passive trackers could sell around 90 million shares, or $290 million...
At the end of the day, the index weightages file automatically gets adjusted to the free float market cap of the existing constituents plus Jio Financials, Nuvama said.. There will be churning or weight distribution (actual buying or selling) amongst other member constituents once Jio Financials starts trading and gets excluded on trading plus the third day..
You might be interested in
After pocketing ‘free’ Jio Financial stock, is it time to sell Reliance shares?
21, Jul, 23The share price of JFSL, as derived in the special pre-open session held on Thursday, is nothing but the difference in RIL's closing price on Wednesday and opening price on Thursday at 10 am after the special session.
Jio Financial to move out of trade-for-trade segment from September 4
21, Aug, 23After listing at a slight premium, JFSL shares reversed the trend and were locked in the 5% lower circuit at Rs 248.90. This is due to likely selling by passive index funds. The stock will be removed from the indices on Thursday, provided it does not hit the price band for two consecutive days.
RIL-Jio Financial Demerger: Pre-open session, price discovery, 3 other things to know
19, Jul, 23RIL has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Shareholders of RIL will get 1 share of the demerged entity for every 1 share held by them in the conglomerate.
Special pre-open session in RIL on Thursday: How will it impact Nifty50?
19, Jul, 23RIL has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Under the demerger scheme, RIL shareholders will get 1 share of the demerged entity Reliance Strategic Investments for every 1 share held by them in the conglomerate.
Mad rush to buy RIL shares to earn Jio Financial stock begins. Should you join the party?
10, Jul, 23Under the merger deal, all RIL shareholders, as of the record date of 20 July, will earn one share of Jio Financial Services (JFSL) for every RIL share they own. Investors, therefore, have time till 19 July to buy RIL shares to be eligible for getting JFSL shares.
Jio Financial to make its D-Street debut on Monday
19, Aug, 23According to a BSE circular, the stock will trade in the trade-for-trade segment for the first 10 trading sessions. In the trade-for-trade segment, shares cannot be bought and sold on the same day.
Jio Financial shares list at Rs 265 on BSE and Rs 262 on NSE. Should you buy, sell or hold?
21, Aug, 23Today's listing price was near the exchange-derived price of Rs 261.85 apiece on July 20. The listing date turned out to be sooner than what was being earlier expected in September.
Jio Financial breaks the bear 'chakravyuh'; stock jumps 4%
25, Aug, 23The stock was originally set to exit the key indices of BSE and NSE, including the Sensex and Nifty 50 on Thursday. However, exchanges had deferred the removal of the stock from the index since it was locked in the lower circuit for the last two consecutive days
Jio Financial loses Rs 26,000 crore in market cap post listing
26, Aug, 23Concerns over elevated valuation coupled with selling by passive funds resulted in the stock decline during the listing week, according to analysts. Traders are speculating that Jio shares could rebound early next week amid the annual general meeting of parent Reliance Industries, scheduled on Monday
Indian shares set to open lower tracking Asian peers; Jio Financial listing eyed
21, Aug, 23Indian shares are set to open lower on Monday, tracking a slide in Asian equities on China's smaller-than-expected rate cut, while the focus will also be on Jio Financial Services' listing on stock exchanges.