Reliance Industries Shares Decline in Special Pre-Open Session Due to Demerger: Impact on Investors.

News:: Reliance Industries shares experienced a loss of approximately Rs 250–260 in a special, one-hour pre-open session on Thursday. This decline was adjusted for the demerger of its financial services business, with Reliance Strategic Investments set to be renamed as Jio Financial Services. The oil-to-telecom conglomerate’s stock underwent a price discovery process as a result of this demerger.

Reliance shares settled at Rs 2,589 apiece on BSE, down from their previous close of Rs 2,840, and at Rs 2,580 apiece on NSE, compared to the previous close of Rs 2,841.9 apiece. The special trading session commenced at 9 am, with normal trading beginning at 10 am. Notably, this marked the first time that stock exchanges BSE and NSE conducted a price discovery session to determine the value of Jio Financial Services shares post the demerger.

At 10:15 am, the stock of Reliance Industries Limited (RIL) was traded at Rs 2,614 apiece on BSE and Rs 2,614.5 apiece on NSE

As part of the demerger scheme, shareholders of Reliance Industries will receive one share of Jio Financial Services for each share held in the company.

Reliance Industries announced the demerger of its financial services business into Reliance Strategic Investment in October last year. The demerged entity will now be known as Jio Financial Services, and it is expected to be listed on the stock exchanges.

Regarding RIL derivative contracts, any changes or updates from today have not been specified in the provided information.

All Reliance Industries derivative contracts (futures & options) expired on Wednesday, a day before the record date for the demerger. New contracts will be issued at 10 am on Thursday.

On July 20, the price of Reliance Industries shares will be adjusted considering the price of the separated entity. The closing price of RIL shares on Wednesday, July 19, will serve as a reference point for the price discovery process.

Jio Financial Services shares will be added to various BSE and NSE indices for a three-day period, until the listing of Jio Financial Services. These indices include Nifty50, Nifty 100, Nifty 500, Nifty Energy, Nifty Oil & Gas, Sensex, BSE 500, BSE Energy, and BSE Oil & Gas.

During this period, the Nifty will have 51 constituents, reflecting the addition of Jio Financial Services.