Reliance Industries announced that the post-demerger acquisition cost for Reliance Strategic Investments Limited (which will be renamed JFSL) is 4.68%. This acquisition cost amounts to Rs 133 based on the closing price of Rs 2,840 on the Bombay Stock Exchange (BSE) on Wednesday.

The market price of the demerged entity, JFSL, was calculated during a special pre-open trading session conducted by the BSE and NSE. JFSL has a total of 676.6 crore outstanding shares, resulting in a market capitalization of Rs 1.77 lakh crore on the NSE.

All RIL shareholders as of the end of trading on 19 July 2023, will receive JFSL shares in a 1:1 ratio. The price of JFSL is determined by the difference between RIL's closing price on Wednesday and the price derived during the special pre-open session.

Jio Financial will be temporarily added to various indices, including Nifty50, Nifty100, Nifty200, and Nifty500, by creating a dummy symbol on the NSE. JFSL will remain part of these indices at a constant price until it is officially listed on the exchanges.

Reliance Industries has received approval from the National Company Law Tribunal for a scheme of arrangement involving the demerger, transfer, and vesting of the financial services business from Reliance Industries to Reliance Strategic Investments Limited (RSIL).

According to the scheme, RSIL will issue one fully paid-up equity share of RSIL with a face value of Rs 10 for every fully paid-up equity share of Reliance Industries. The record date for this transaction is July 20, 2023.

Shareholders are advised to allocate their pre-demerger cost of acquisition of equity shares between the two companies, with 95.32% allocated to Reliance Industries and 4.68% allocated to RSIL.