After Ambani s buy 1 get 1 offer for shareholders of Reliance Industries (demerger ratio of 1:1), investors were expecting ITC also to opt for a 100% vertical split. But ITC management chose to keep 40% ownership with itself and give away the remaining 60% to existing shareholders.
SPOS session: The order matching period will start immediately after completion of order collection period for the next 10 minutes. In this period, the opening price will be determined.
"This high price is a reflection of the markets assessment of Jio Financials potential. The wide reach of JFSL through RILs other business segments like Reliance Retail has the potential to grow the company at a fast pace for many years to come. The market is discounting this potential," said Dr. V K Vijayakumar of Geojit Financial
Reliance-JFSL demerger: Jio Financial Services Ltd (JFSL) is expected to list on the NSE at around ₹273 per share after its demerger from Reliance Industries Ltd (RIL)