RIL shares slide nearly 3% on disappointing Q1; fall 12% in 4 sessions
RIL's market cap has eroded by ₹2.27 lakh crore in the last three trading days after hitting all-time high of ₹19.21 lakh crore in intraday trade on July 19.
RIL's market cap has eroded by ₹2.27 lakh crore in the last three trading days after hitting all-time high of ₹19.21 lakh crore in intraday trade on July 19.
The share price for Jio Financial Services was discovered at ₹261.85, which was much higher than analysts’ estimate of ₹160-190 per share
The new share price of RIL ex-JFSL was discovered at ₹2,580 per share and that of Jio Financial Services at ₹261.85 after the special pre-opening session on the NSE.
Investors rushed to buy RIL shares amid hope that it would unlock value for shareholders post demerger of Jio Financial Services.
Hitesh Kumar Sethia has been appointed as MD and CEO of the new entity for a period of 3 years; Isha Ambani, Rajiv Mehrishi to be inducted on the board of the demerged unit.