Mukesh Ambani will make a big announcement on August 28, will know the date of JFS IPO?

Reliance-Jio: The date of August 28 is going to be very important for Reliance Industries this year. The company's chairman Mukesh Ambani can make a big announcement on that day, because the company's Annual General Meeting (AGM) is on that day. Not only this, Mukesh Ambani has a record like his father Dhiru Bhai Ambani that he makes big announcements related to the company only in the AGM. It is being speculated that this time he can put in front of the people the details related to the listing of Jio Financial Services, a new company of Reliance Group.

Mukesh Ambani had earlier made many big announcements like Reliance Jio, Reliance Jio Phone, Jio Fiber in the company's AGM itself. If this time the details related to the listing of shares of Jio Financial Services are shared in the AGM, then this will be the first time that a new company of Reliance Group under the leadership of Mukesh Ambani will be listed in the stock market.

Jio will be the country's largest NBFC

After the listing of Jio Financial Services (JFS), it will be the largest non-banking finance company in the country. At the same time, this company will unlock new market valuation for Reliance Group. Recently, when the company announced its annual results for the financial year 2022-23, Mukesh Ambani said in a statement, 'The new company will unlock value for shareholders. At the same time, it will also give them an opportunity to grow through the new platform.

The stock market is also waiting for August 28

This year only Reliance Industries is waiting for the listing of Jio Financial Services. Rather, the stock market is also eagerly waiting for 28th August. Market experts want to know what strategy Mukesh Ambani plans for JFS. Will this strategy be as dominant as that of Jio Infocomm and Reliance Retail?

Reliance Industries is going to list its Reliance Strategic Industries Limited company, which will now be renamed Jio Financial Services. The market valuation of the new company has been estimated at $ 20 billion (about Rs 1.65 lakh crore). The new company will have a 6.1 percent stake in Reliance Industries.