The demerger of Jio Financial Services from Reliance Industries will create a non-banking financial behemoth, posing a challenge to existing NBFCs. Jio Financial Services will leverage its strong parentage, access to customer data, and expected entry into various financial services sectors.
Reliance Industries financial arm, Jio Financial Services, will be demerged and listed separately on NSE and BSE. Here is a primer on the process that will be followed in the demerger - how will price discovery happen, why the special pre-open session, what will happen to the RIL shares, etc.