Reliance`s Jio Financial Services to be listed on August. 21
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Jio Financial Services (JFS) <JIOF.NS>, the financial arm of Indian conglomerate Reliance Industries, is set to be listed on the stock exchanges on Aug. 21, per a stock exchange circular on Friday.
Billionaire Mukesh Ambani's Reliance had last month spun off JFS, with the market ascribing a valuation of around $20 billion.
Ambani has said Jio Financial Services aims to provide simple, affordable and innovative digital first solutions.
In July, JFS and U.S.-based BlackRock said they would form an equal joint venture to launch asset management services in India.
Reliance's shares reversed losses to trade 1.3% higher as of 2:16 p.m. IST, while the benchmark Nifty 50 index was flat.
