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Jio Financial Services to join NSE Nifty 50 and multiple indices on July 20


Jio Financial Services, the financial arm demerged from Reliance Industries, is set to commence trading on the NSE Nifty 50 from July 20. Reliance Industries renamed its financial services division as Jio Financial Services and will also include it in the Nifty 100, Nifty 200, Nifty 500, and other sectoral indices, as announced by the National Stock Exchange.

A special pre-open session will be held on July 20 to mark the demerger. Jio Financial Services will be added to various Nifty indices, including Nifty50, Nifty10, Nifty200, Nifty500, Nifty50 Equal Weight, Nifty100 Equal Weight, Nifty500 Multicap 50:25:25, Nifty Commodities, Nifty Energy, and more.

Shareholders eligible for shares from the demerged entity will receive one fully paid-up equity share of face value ₹10 for each share of Reliance as of the record date, as per the scheme of arrangement.

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