The share of Reliance Strategic Investments Ltd, the entity demerged from Reliance Industries, has been valued by the markets at around Rs 261.8, which gives it market capitalisation of around Rs 1.66 trillion.
This is much higher than the analysts’ initial estimates. The entity, which will be named Jio Financial Services (JFS), will be the biggest demerger in India’s corporate history in terms of value. Prior to this, the demerger of the erstwhile Bajaj Auto into three players in 2008 was the biggest.
First Published: Jul 21 2023 | 12:08 AM IST
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