Jio Financial Services to be listed on stock exchanges on 21st August
Mumbai: The equity shares of Jio Financial Services Ltd (formerly known as Reliance Strategic Investments Limited) will be listed and admitted to dealings on the Exchange as of Monday, August 21, according to Bombay Stock Exchange’s notification to trading members of the BSE.
The mentioned securities will be discussed in a special pre-open session for IPOs and other categories of stocks, and the members are urged to take note.
The listing is in accordance with the Scheme of Arrangement between Jio Financial Services Ltd. (previously known as Reliance Strategic Investments Limited) (Resulting Company) and its Shareholders and Creditors, which was approved by the NCLT Mumbai Bench.
Jio Financial Services Ltd (previously known as Reliance Strategic Investments Limited) shall issue and allot Equity Shares to the shareholders of Reliance Industries Ltd. as part of the plan for the transfer and vesting of Reliance Industries Limited’s Financial Service Business into Jio Financial Services Ltd.
The Paid-Up Equity Capital of Jio Financial Services Ltd was Rs 2,02,02,000/- before to the Scheme and consisted of 20,20,200 equity shares with a Face Value of Rs 10/- each. Upon the implementation of the Scheme, the Paid-Up Equity Capital shall be cancelled.
After the agreement, Jio Financial Services Ltd.’s issued, subscribed, and paid-up equity capital is Rs. 6353,28,41,880, consisting of 635,32,84,188 equity shares with fully paid Rs. 10 face values.
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