Published : 18 August 2023
By : Sachin Gupta
The listing has been set for the day before Jio Financial Services will be removed from FTSE Russell's indices. The provider of index services claimed that the decision was made because the stock had not yet begun trading on exchanges.
635.32 crore shares with a face value of Rs. 10 each were distributed to qualified Reliance Industries stockholders by the board of Jio Financial Services. For every share of Reliance Industries, shareholders received one equity share of Jio Financial Services.
According to BSE, the stock will begin trading on Monday under the ticker symbol JIOFIN after 10 trading days in the Trade-for-Trade category.