The National Stock Exchange (NSE) will conduct a special pre-open session for Reliance Industries Ltd on July 20 on account of the demerger of its financial services business Reliance Strategic Investments Ltd.
The spun-off entity Reliance Strategic Investments Ltd (RSIL) will be renamed as Jio Financial Services (JFSL).
The demerged company can be retained in the Nifty index if the special session will be conducted by the exchange as per the new methodology.
Following the demerger, Reliance Industries would continue to be part of Nifty Indices.
Besides, the spun-off entity will be included in several Nifty indices, including Nifty 50, Nifty 100, Nifty 200, and Nifty 500 from July 20, NSE Indices said in a statement on Monday.
For at least three days from July 20 onwards, there will be 51 stocks available for trading on the Nifty 50 as the demerged entity will be part of the index.
“In accordance with the index methodology, spun off entity (Jio Financial Services) shall be includ
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