{"id":69911,"date":"2022-10-25T18:21:00","date_gmt":"2022-10-25T12:51:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=69911"},"modified":"2022-10-25T18:19:22","modified_gmt":"2022-10-25T12:49:22","slug":"new-reliance-company-to-list-on-exchanges-soon-after-demerger-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/new-reliance-company-to-list-on-exchanges-soon-after-demerger-check-the-details\/","title":{"rendered":"New Reliance company to list on exchanges soon after demerger; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2948571710\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Mukesh Ambani-led Reliance Industries Ltd (RIL) recently announced that it is set to demerge its financial services arm and list it on the Indian stock exchanges. The demerge will be done through a share-swap agreement.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3616624083\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>This means that the company will issue one equity share of the newly listed Jio Financial Services Ltd (JFSL) for every share of Reliance Industries Ltd held by the investors.&nbsp;<\/p><p>The focus of Jio Financial Services will be to become a major financial technology company. Further, it also plans to launch Consumer and merchant lending products and also enter into insurance, stock broking, and asset management in the next three years.&nbsp;<\/p><p>&#8220;JFS will be a truly transformational, customer-centric, and digital-first financial services enterprise offering simple, affordable, innovative, and intuitive financial services products to all Indians, &#8221; Mukesh Ambani, Chairman and Managing Director of RIL, said.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2205374144\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Analysts see this as a positive development. Here is what they have to say:&nbsp;<\/strong><\/p><p>\u201cWe believe this would be welcomed by investors given RIL\u2019s massive footprint across Jio and Retail,\u201d JP Morgan said.&nbsp;<\/p><p>Brokerage firm BofA Securities said that it expects limited upside in the stock from the demerger of the financial services business. \u201cWe expect limited value unlocking given smaller contributions and share dilution,\u201d BofA Securities said.&nbsp;<\/p><p>According to a note by ICICI Direct, the long-term prospects and dominant standing of RIL in each of its product &amp; service portfolios provide comfort for long-term value creation.&nbsp;<\/p><p>Apart from this, Reliance industries also published their quarterly results recently in an interesting manner. It became the first Indian company to use the Virtual platform \u2018Metaverse\u2019 to post its Q2 results.&nbsp;<\/p><p>The company reported revenue from operations of Rs 2.32 lakh crore which was an increase of 33.7 percent from Rs 1.74 lakh crore in the same quarter a year earlier. Their net profit in the period stood at Rs 15, 587 Crores up from Rs 15,440 crores in Q2 of the previous year.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-2970961265\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Reliance Industries Limited, a Fortune 500 company, is the largest private sector corporation in India. It has a diverse presence in industries ranging from energy and petrochemicals to retail, telecommunications, and mass media.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3038413470\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani-led Reliance Industries Ltd (RIL) recently announced that it is set to demerge its financial services arm and list it on the Indian stock exchanges. The demerge will be done through a share-swap agreement.&nbsp; This means that the company will issue one equity share of the newly listed Jio Financial Services Ltd (JFSL) for [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":17594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-69911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Reliance company to list on exchanges soon after demerger; Check the details - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/new-reliance-company-to-list-on-exchanges-soon-after-demerger-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Reliance company to list on exchanges soon after demerger; Check the details\" \/>\n<meta property=\"og:description\" content=\"Mukesh Ambani-led Reliance Industries Ltd (RIL) recently announced that it is set to demerge its financial services arm and list it on the Indian stock exchanges. 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