Key Points
Once the date for listing of shares is announced, the dummy symbol created will be replaced with an actual symbol, and JFS will form part of the index for a temporary period..
The spun-off entity will be included in Nifty 50 and few other indices for a brief period until it gets officially listed on the stock exchanges, NSE Indices said in a release...
Apart from Nifty 50, Jio Financial will be temporarily added to 18 other indices of NSE, including Nifty 100, Nifty 200, Nifty 500, Nifty Energy, and Nifty Oil & Gas...
Therefore, Jio Financial Services will remain part of the Nifty 50 and other indices at a constant price till such time it officially gets listed on the exchanges...
Jio Financial will be removed from all the indices after the close of trading on the 3rd day of listing at the market determined price...
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Jio Financial to be part of Global Standard Index from August 23: MSCI
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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.
Bonus share for Nifty 50/Sensex with JFSL entry; will passive investors be impacted?
20, Jul, 23Stock 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.
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
Why Jio Financial Services shares are hitting lower circuit everyday; Deepak Shenoy explains
24, Aug, 23Jio Financial Services shares have plunged for the fourth consecutive session Thursday on persistent selling from institutions who have to exit from the stock before it is removed from the indices.
FTSE withdraws decision to remove Jio Financial from global indices
18, Aug, 23On Thursday, the global index aggregator said Jio Financial will be deleted from all indices with effect from August 22, since it did not commence trading after 20 business days of being added to the index at zero value
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.
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.
Jio Financial to begin trading on Monday; how long will it be part of Nifty and Sensex?
18, Aug, 23Stock exchanges conducted a special pre-open session in shares of RIL to derive the price of Jio Financial. The derived price of Jio Financial came to be Rs 261.85 per share and the stock remained a part of the indices at this constant value.
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.