Reliance Industries, owned by Mukesh Ambani, has become the largest wealth creator on Dalal Street with a market capitalization of Rs 20 lakh crore. It is bigger than American giants like McDonald s, PepsiCo, Netflix, and Accenture. RIL is also the only Indian company among the world s 50 most valuable companies and is also one of the top candidates to become India s first $1 trillion stock.
As part of the demerger of RIL s financial services business, RIL shareholders as of the record date of July 20 have been rewarded with one share of JFSL for every share of RIL owned. However, even if the shares have been credited to your Demat account, you can trade in them only after it gets listed on stock exchanges.
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.
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