Investors, Here’s Why You Should Buy RIL Shares Before the Jio Financial Demerger

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Investors, Here’s Why You Should Buy RIL Shares Before the Jio Financial Demerger

Reliance Industries (RIL) is set to demerge its financial services arm, Jio Financial Services, on July 20, 2023. This means that RIL shareholders will be awarded one share of Jio Financial Services for every share of RIL they own.

The demerger is being seen as a windfall gain for RIL shareholders, as Jio Financial Services is a rapidly growing business with a lot of potential. The company offers a wide range of financial services, including digital lending, insurance, and wealth management.

In the financial year 2022-23, Jio Financial Services’ gross revenue grew by 57% to Rs. 13,865 crore. The company’s net profit also grew by 45% to Rs. 2,221 crore.

Analysts believe that Jio Financial Services is well-positioned to continue growing in the coming years. The company has a strong customer base, a robust technology platform, and a clear focus on innovation.

As a result, many analysts are recommending that investors buy RIL shares before the record date of July 19, 2023. This is because they believe that the value of RIL shares will increase after the demerger, as investors will be able to own a piece of the rapidly growing Jio Financial Services business.

Here are some of the reasons why you should buy RIL shares before the record date:

  • You will be entitled to receive one share of Jio Financial Services for every share of RIL you own.
  • Jio Financial Services is a rapidly growing business with a lot of potential.
  • Analysts believe that the value of RIL shares will increase after the demerger.

If you are looking for an investment opportunity with the potential to generate significant returns, then you should consider buying RIL shares before the record date.

Jio Financial Demerger: Should you buy Reliance shares for windfall gains before  record date? - The Economic Times

 

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