After the advertisement of the separation of Jio Financial Services, Reliance's shares reached their loftiest position. It crossed the request cap of ₹ 18 lakh crore.

 Jio Financial Services As soon as the company  blazoned the demerger of Jio Financial Services, the record date was set for July 20, 2023, and the price of Reliance shares increased.

   During Monday's trading session in the Indian stock  request, there was strong buying interest in Reliance diligence Limited( RIL) shares, as the price of Reliance shares witnessed a rise amidst a bullish trend. This was because the company  blazoned the unlocking of value through the demerger of Jio Financial Services. The price of Reliance shares opened higher  moment and reached a high of ₹ 2756 per share on the NSE, surpassing the  former  each- time high of ₹ 2755 per share. spanning new heights, Reliance shares crossed the  request cap of ₹ 18 lakh crore, marking a new  corner. At 10:43 am, the  request cap of Reliance diligence Limited was  roughly ₹18.62 lakh crore.  

 Record date for Jio Financial Services demerger  On Saturday, Reliance  blazoned the record date for Jio Financial Services' demerger, which is July 20, 2023. The  advertisement stated," This is  posterior to our letter dated July 6, 2023, wherein it was informed that theHon'ble National Company Law Tribunal, Mumbai Bench has approved this scheme."" As per the terms of the scheme, Thursday, July 20, 2023, has been fixed as the record date for determining the shareholders of the Performing Company who shall be entitled to admit the new equity shares of the Performing Company against the equity shares held in the Company." 

  1) The effective date of the scheme is July 1, 2023.   2) As per the  vittles of the scheme, Reliance Strategic Investments Limited(" RSIL") has completely paid- up and issued 1( one) equity share of RSIL, having a face value of ₹ 10( ten rupees) for each 1( one) completely paid- up equity share of the Company(" Performing Company's new equity share") held by the equity shareholders whose names appear on the register of members and/ or the records of the  magazines as on the record date.

   Price of Jio Financial Services shares  While the  sanctioned  advertisement regarding the price of Jio Financial Services shares is yet to come, global brokerages have estimated that the price of Jio Financial Services shares will be  roughly ₹ 179, as per Jefferies, and around ₹ 189, as per JP Morgan. 

  Listing date for Jio Financial Services  After the  advertisement of the record date for Jio Financial Services' demerger, Avinash Gorakshakar, the Head of Research at Profitmart Securities, said," We can anticipate the  table of Jio Financial Services by the end of August 2023 as it'll take around one to one- and-a-half months after the demerger record date.