Everything you need to know about demerger of Reliance Industries Limited

[ShubhS9]

@Shivam_Gupta

It is said that JFSL will be listed only for 3 days and then delist.
What does that mean?
What will be the impact on our JFSL shares ( received after demerger or bought on/after listing)?

Once listed, it will not delist. Currently Jio Financial Services is part of all the indices that Reliance is part of, for example Nifty 50 at constant price (as it is not traded). Once it lists on he exchanges, it will be removed from those indices after 3 days. Please check out this post for more information:

Will Nifty 50 index have 51 companies?

Earlier, NSE used event-based index reconstitution for mergers/demergers, where once shareholders approval is received, it is considered as a trigger to initiate replacement of such stocks in the index and exclusion of stocks going through merger/demerger is done much ahead of ex-date. This rule changed from April 30, 2023 and the exchange decided to use a Special pre-open session (SPOS) to determine index reconstruction. You can check the below mentioned post to read the summary of that circu…