The difference between today s closing price of RIL and the price derived during the special session will be treated as the "constant price" for JFSL. For example, if RIL shares open at Rs 2,500 tomorrow (at the end of the special session) after ending at Rs 2,840 today, then JFSL s value would be treated at Rs 340.
"We recommend investors to buy RIL before the record date i.e. 20th Jul23 and believe it to be a more economical way to buy Jio Financial Services which is likely to list at Rs 160/share (1x RILs treasury stock value)," said Eesha Shah of Axis Securities.
The OSA Foundation and Corning Incorporated (NYSE:GLW) are pleased to announce the third annual recipients of the Women in Optical Communications Scholarships.