Five analysts estimate that the financial services business of Reliance Industries will be valued at Rs 160-190 per share, with Reliance Strategic Investments, to be renamed Jio Financial Services, being demerged and split on 20 July. The shares of India’s most valuable company, Reliance, have risen more than 6% since 8 July, as investors seek exposure to JFS, which may become India’s fifth-largest financial services company.
‘Reliance spin-off Jio Financial Services worth Rs 160-190 per share’
Five analysts estimate that the financial services business of Reliance Industries will be valued at Rs 160-190 per share, with Reliance Strategic Investments, to be renamed Jio Financial Services, being demerged and split on 20 July. The shares of India’s most valuable company, Reliance, have risen more than 6% since 8 July, as investors seek exposure to JFS, which may become India’s fifth-largest financial services company.