Jio Financial Services Separation Sparks Trading Frenzy in RIL

Today, Reliance Industries Limited (RIL) separated its financial services business, Jio Financial Services, which led to the fixing of its share price at Rs 261.85 through the price discovery mechanism. A special one-hour trading session was conducted for Reliance Industries Limited shares, specifically for determining the price of Jio Financial Services. During this session, from 9 am to 10 am, investors could place their orders, marking an important event in the financial markets.