Jio Financial Services set for listing; allots stocks to RIL’s shareholders

Jio Financial Services Ltd (JFSL) is all set for listing of its shares on the stock exchanges. The company said the equity shares allotted to the eligible shareholders of Reliance Industries Ltd (RIL) have been credited to their demat account on August 10.
The financial services company said it has applied to the BSE and the NSE for listing of the equity shares. This comes three-week after JFSL demerged from RIL. JFSL said its board in a meeting held on August 10 allotted 635.32 crore equity shares of face value of Rs 10 each to the shareholders of RIL as on the record date of July 20.
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