The JFSL (Jio Financial Services Limited), which is a separate financial services wing of the conglomerate – Reliance Industries Limited (RIL), is not going to be removed from the indices of FTSE. It is also going to be added to the Global Standard Index of MSCI. Jio Financial is also going to remain a part of the All-World Index of FTSE.
It is going to keep its share insurance of – 6,765,591,509 and also an inevitability worth weighing a whopping percentage of 49.66%.
Jio Financial also got added to the Emerging indices and FTSE Global Large Cap, while Reliance Industries Limited still continues to be a part of such indices. The addition of these to the MSCI Global Index is also going to come into effect from 23rd August.
The Bombay Stock Exchange (BSE) notice read,
Trading Members of the Exchange are hereby informed that effective from Monday, August 21, 2023, the equity shares of Jio Financial Services Ltd (Formerly known as Reliance Strategic Investments Limited) shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities.
Additionally, Jio Financial is also a part of the main indices like NSE and BSE, including the Nifty 50 and Sensex – this at a constant share of 261.8 (the price of which was obtained after a special open session that got conducted by the RIL exchanges on 20th July.
Thank you for reading up till here. I hope you found the given information regarding this topic useful.
Additional:
~News Source: https://rb.gy/0hdld
~Image Source: https://shorturl.at/bGHO1
About The Author
