RIL’s Jio Financial Services forms JV with BlackRock to tap India’s asset management market
The Jio BlackRock JV brings a new player to the Indian asset management market, with JFS and BlackRock targeting an initial investment of $150 million each
reliance strategic investments
July 2023
May 2023
March 2023
Reliance Strategic Investments becomes Jio Financial Services beginning July 25
Jio Financial Services, a non-banking financial company, will be listed on the domestic stock exchanges, BSE and NSE, as a separate entity
Jio Financial share price fixed at ₹261.85 after demerger; RIL up 1.5%
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.
RIL share hits fresh 52-week high ahead of Jio Financial demerger; m-cap crosses ₹19 lakh cr
Investors rushed to buy RIL shares amid hope that it would unlock value for shareholders post demerger of Jio Financial Services.
Reliance shares hit 52-week high; what’s fuelled the rally?
Investors rushed to buy RIL shares after the company received approval for the demerger of its financial services arm, which would unlock value for its 36 lakh shareholders.
Reliance sets July 20 as record date for Jio Financial demerger
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.
RIL shares rise after NCLT approves demerger of financial services unit
RIL will take necessary steps including fixing the record date for allotment and listing of equity shares of Reliance Strategic Investments on stock exchanges.
RIL gets shareholders, creditors approval for demerger of Jio Financial
As part of demerger, Reliance shareholders will be issued one equity share of Jio Financial for every share they hold in the company.
Reliance shares jump 3% on plan to demerge finserv biz
RIL will hold a meeting of its creditors and shareholders on May 2, 2023, to consider demerger of its financial services business into Reliance Strategic Investments.
