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Jio Fin to be excluded from NSE from Sep 7

Jio Financial Services Limited, the demerged financial services unit of Reliance Industries, will be excluded from various indices of NSE, including the benchmark Nifty 50, from September 7.

Shares of Jio Financial got listed on the stock exchanges on August 21, after its spin-off from parent Reliance Industries.

In accordance with the index methodology, as JIOFIN has not hit price band on two consecutive trading days on September 4 and 5 at NSE, the Index Maintenance Sub Committee (Equity) of NSE Indices Ltd has decided to exclude JIOFIN from various indices effective from September 7, 2023 (close of September 6, 2023), as per a statement by NSE Indices Ltd on Tuesday. ....

Mukesh Ambani , India Index Services Products Ltd , Reliance Industries Limited , Jio Financial Services , Indices Ltd , Indices Ltd On , Reliance Industries , Index Maintenance Sub Committee Equity , Jio Financial Services Limited , Jio Financial , Index Maintenance Sub Committee , India Index Services , Annual General Meeting , Business News , Usiness News India , Ndia Business News , Ndian Economy News , Ndian Financial News ,