Post Demerger, JFSL’s per Share Value Comes Out To Be Rs 261.85, Check How Is It Calculated



Post Demerger, JFSL’s per Share Value Comes Out To Be Rs 261.85, Check How Is It Calculated
































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Jio Financial Services is a Non-Banking Financial Institution, or NBFC that is owned by Mukesh Ambani, the Billionaire. The price of JFSL’s per unit share value came out to be Rs 261.85, which is much higher than Rs 190, the brokerage’s estimated value.

Towards the conclusion of a pre-open call auction session, JFSL’s per share market price came out to be Rs 261.85 on the National Stock Exchange. This occured on Thursday, on the stock exchange platforms. Due to the revolving news about the demerger, the share price was impacted. The price of the stock of Reliance Industries went down to Rs 2,580. However, soon normal trading resumed, and the stock surged to 2%.

Reliance Industries announced that the cost of demerger of Jio Financial Services Limited is 4.68%. JSFL was previously named Reliance Strategic Investments Limited. As per the previous day’s trading session, the cost of acquisition accounted for Rs 133, closing with Rs 2,840 on BSE.

However, today JFSL surpassed the estimates made by all brokerage firms. They anticipated the share price to range between Rs 160-190 per share.

Dr. V K Vijayakumar of Geojit Financial stated “This high price is a reflection of the market’s assessment of Jio Financials’ potential. The wide reach of JFSL through RIL’s other business segments like Reliance Retail has the potential to grow the company at a fast pace for many years to come. The market is discounting this potential.”

Past the demerger, the total outstanding shares of Jio Financial Services Ltd will be at 635.32 crore. Thus, the total market capitalization of the firm is estimated to be Rs 1.66 lakh crore.

Calculation of JFSL share price

National stock exchange, as well as Bombay stock exchange together, conducted a pre-open trading session. This was scheduled on Thursday morning from 9 am to 9:45 am. In the session, the calculation of the demerged entity’s market price was done. Until 10 am, the usual trading of the stocks of Nifty50 was also restricted.

The constant price of Jio Financial Services Ltd that was calculated today is the difference between Reliance Industries Ltd’s during the pre-open session of Thursday(Rs 2,580) and the closing price on Wednesday (Rs 2,841.8price of JFSL5). Thus, the price that got impacted and fell comes out to be Rs 261.85. Rs 261.85 is therefore considered the price of JFSL.





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