Discovered Price of Jio Financial Services (JFSL)

Key Events

  • Shareholders of RIL as on record date (July 20, 2023) will get shares of JFSL
  • Reliance Ind Q1 FY24 numbers to be published on July 21, 2023
  • As per media reports, JFSL will get listed over the next 3 months
  • AGM around last week of August 2023 (tentative)

Sharekhan Research View

As per the latest media reports, the anticipated listing of JFSL shares is just around three months away, which could provide opportunity for existing shareholders to reap the benefits of listing gains.

The upcoming AGM of RIL is expected to bring more clarity and a strategic roadmap for JFSL and also indications of potential value unlocking from RIL's retail and digital services, promising even greater rewards for investors. The company's visionary approach to expansion and innovation will likely lead to significant growth prospects for RIL and its shareholders, especially in the realms of Financial Services, Retail, and Digital Services.

Maintaining a positive stance on RIL's growth prospects, we firmly believe that the company remains a compelling long-term investment. The assurance of potential value unlocking from its diverse portfolio and strategic initiatives makes RIL a highly attractive investment opportunity.

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Team Sharekhan

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