Jio Financial Services (JFS), the financial subsidiary of Mukesh Ambani-controlled conglomerate Reliance Industries Ltd (RIL), is set to be listed on the stock exchanges on August 21, 2023, as stated in a BSE circular on Friday. RIL spun off JFS last month, introducing it to the market with a valuation of around $20 billion.
The notice said: "Trading members of the exchange are hereby informed that effective from Monday, August 21, 2023, the equity shares of Jio Financial Services Ltd (formerly Reliance Strategic Investments Ltd) shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities."