JFS demerger sends shockwaves through the market as RIL shares witness a staggering loss of Rs 1 lakh crore in market capitalization within just 2 days. A significant corporate action that has left investors and analysts alike reeling.
Shares of Reliance Industries Limited (RIL) have witnessed a significant decline in market capitalization (m-cap) since the demerger of its financial services business into Reliance Strategic Investments (to be renamed as Jio Financial Services or JFS). The decline in m-cap reflects a decrease in the overall market value of the company’s outstanding shares. As of […]
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