JFSL will become the 32nd most valuable company with a valuation of more than $ 20 billion, know the share price

Jio Financial Services Limited (JFSL), the financial services unit spun off from Reliance Industries, is valued at over US$20 billion. The value of JFSL company is more than Adani group companies, Coal India and Indian Oil.
Stock exchanges BSE and NSE conducted a special pre-open trading session today from 9 am to 9:45 am to calculate the market value of demerged JFSL. As part of the exercise, normal trading in Nifty 50 stocks was restricted till 10 am.
JFSL's calculation today is the difference between the closing price of RIL yesterday i.e. Wednesday and the price obtained during the special pre-open session today. RIL's last session on NSE had closed at Rs 2,841.85 while after today's special session, the price came down to Rs 2,580.
Accordingly, the share price of Jio Financial Services Limited (JFSL) has come to Rs 261.85 per share on Wednesday. At Rs 261.85 per share, the entire share capital of JFSL is valued at Rs 1,66,000 crore or over USD 20 billion.
At this valuation, JFSL would become India's 32nd most valuable company by market capitalization, surpassing Adani Ports, Adani Green, Tata Steel, Coal India, HDFC Life, IOC, and Bajaj Auto.
Let us tell you that Reliance had announced the separation of its financial services unit into RSIL (Reliance Strategic Investments Limited), which was renamed JFSL (Jio Financial Services Limited).
Following the demerger, shareholders will receive one JFSL share for every Reliance share they hold.
According to the company's stock exchange filing, while the effective date of demerger has been fixed as July 1, the record date for allotment of shares of the new company has been fixed as July 20 i.e. today.
JFSL will be the fifth largest financier in terms of capital and will give direct competition to Paytm and Bajaj Finance.