# Everything you need to know about demerger of Reliance Industries Limited

**URL:** https://tradingqna.com/t/everything-you-need-to-know-about-demerger-of-reliance-industries-limited/149760
**Category:** Announcements
**Created:** [July 12, 2023, 12:41pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-demerger-of-reliance-industries-limited/149760 "2023-07-12T12:41:19Z")
**Posts on this page:** 1
**Showing post:** 51

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### Author: ![ShubhS9](https://tradingqna.com/user_avatar/tradingqna.com/shubhs9/32/32667_2.png) [@ShubhS9](https://tradingqna.com/u/ShubhS9)
#### Post date: [August 25, 2023, 5:29am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-demerger-of-reliance-industries-limited/149760/51 "2023-08-25T05:29:55Z")

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> [@Shivam\_Gupta](#):
>
> It’s been more than three days, still it is a part of NIFTY50 as I can see it in NIFTY50 index. If so then what is it’s weightage in the index?

Since JIOFIN hit a lower circuit on the first two trading days, the deadline to remove it from the index was extended by another 3 days. As explained in the post shared above.

> [@Will Nifty 50 index have 51 companies?](https://tradingqna.com/t/will-nifty-50-index-have-51-companies/150138/1):
>
> In case, during the first 2 days of these 3 days, if Jio Financial Services hits the price band on both days, then the exclusion date will be extended by another 3 days. After two consecutive days of the spun off business/ entity (Jio Financial Services here) not hitting the price band, Jio Financial Services will be removed after the third trading day of such observation.

Not exactly sure about the weightage. From whatever I read, it was around 1%.

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