Reliance Industries Ltd. (RIL) has announced that it will demerge its financial services arm, Reliance Strategic Investments Ltd. (RSIL), into a new entity called Jio Financial Services Limited (JFSL). The demerger is expected to be completed by the end of August 2023. JFSL will be listed on the stock exchanges shortly thereafter.
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Analysts have estimated that the expected stock price of JFSL could be around ₹179-189 per share. This is based on the current asset value of the company, as well as the growth potential of the financial services sector in India.
The demerger is expected to unlock value for RIL shareholders, and to provide JFSL with the flexibility and focus it needs to grow its business. JFSL will be a leading financial services company in India, with a focus on digital lending, payments, and insurance. The company has a strong track record of growth, and is well-positioned to capitalize on the growing demand for financial services in India.
![[Image of Reliance Industries and Jio logo together]](http://freshnewspoint.com/wp-content/uploads/2023/07/Untitled-2.jpg)
The demerger record date is set for July 20, 2023. This means that shareholders of RIL who hold shares on or before this date will be eligible to receive shares in JFSL. The listing of JFSL on the stock exchanges is expected to take place in September 2023.
If you are interested in investing in JFSL, you should do your own research to determine whether the stock is right for you. However, the expected stock price of ₹179-189 per share suggests that JFSL could be a good investment for long-term investors.
