Reliance Industries share price: As Reliance Industries’ financial arm demerges, a special pre-open auction session for RIL shares is underway for traders to determine the value of Reliance Industries shares without the inclusion of Jio Financial Services. Analysts peg the valuation of JFS shares at Rs 160-190 apiece.
Regular trading in RIL shares will not be available till 10 am. During this pre-open session, traders will have the opportunity to gauge the street’s sentiment and assess the fair value of Reliance Industries post-demerger. The resulting difference between RIL’s pre-demerger closing price and the discovery price during the pre-open auction will be used to calculate the initial stock price of Jio Financial Services.