Reliance spin-off Jio Financial Services worth Rs 160-190/share: Analysts

July 18, 2023

Reliance Strategic Investments, part of Indian conglomerate Reliance Industries, will be demerged on July 20 and renamed Jio Financial Services (JFS). Estimates by five analysts suggest that the valuation of the financial services could be between INR160 ($1.95) and INR190 ($2.32) per share. .

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