This is because RIL has fixed July 20 as the record date for the demerger of Reliance Strategic Investments, which will be renamed Jio Financial Services. Ever since this announcement, shares of the oil-to-telecom major have clocked sharp gains and scaled a fresh 52-week high of Rs 2,802. On Friday, the stock ended marginally down 0.1% at Rs 2,740.70.
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