Jio Financial Services Demerger: A Sign of Strong Investor Demand

Reliance Industries' (RIL) newly-minted financial services arm, Jio Financial Services (JFSL), has been valued at Rs 261.85 per share, much higher than brokerage estimates of up to Rs 190.

The market price of JFSL was derived at Rs 261.85 per share on the National Stock Exchange (NSE) at the end of a special pre-open call auction session on Thursday. Taking into account the impact of the demerger, the share price of RIL fell to Rs 2,580 but rallied up to 2% after normal trading resumed from 10 am.

The high valuation of JFSL is a sign of the strong investor appetite for the company's financial services business. JFSL offers a range of financial products and services, including digital lending, insurance, and payments. The company has over 300 million customers and is growing rapidly.

The demerger of JFSL is part of RIL's strategy to focus on its core businesses of oil and gas, retail, and telecommunications. The company believes that by spinning off its financial services business, it will be able to unlock value for shareholders and accelerate growth.

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