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Business Today India
|August 20, 2023
Jio Financial Services, RIL's newly-carved-out entity, will be the third-biggest NBFC in town post listing
BFSI
MUKESH AMBANI-LED RELIANCE INDUSTRIES Ltd’s demerged entity Jio Financial Services, formerly Reliance Strategic Investments, will be the third-biggest non-banking financial company after the Bajaj Twins—Bajaj Finance and Bajaj Finserv—after its listing, the date for which is yet to be announced. However, at the discovered price of ₹261.85 per share, the market capitalisation of Jio Financial Services will be around ₹1.7 lakh crore at the time of listing.
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