Reliance demerger: Jio Financial shares valued at Rs 261.85 apiece

Billionaire Mukesh Ambani’s new chocolate boy Jio Financial Services (JFSL) today took all bulls of Reliance Industries (RIL) by surprise as the NBFC unit’s share price came out to be Rs 261.85 per share, much higher than brokerage estimates of up to Rs 190. At the end of a special pre-open call auction session on stock exchanges on Thursday, the market price of Jio Financial Services (JFSL) was derived at Rs 261.85 per share on NSE. Taking into account the impact of demerger, ..


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