Reliance Industries Demerger: Unveiling the Future of Jio Financial Services!

Welcome to "Shoonya Ka Sampoorn Gyan"! In today's video, we delve into the exciting world of corporate demergers, specifically focusing on the highly anticipated demerger happening within Reliance Industries Limited.

Join us as we unravel the details surrounding this significant development. The record date for this merger has been set for July 20th, 2023. Reliance Industries Limited is set to demerge its financial service business, known as Reliance Strategic Investment Limited, which will be renamed Jio Financial Services Limited in the future.

This demerger holds great importance for shareholders of Reliance Industries Limited. On the record date, which is July 20th, 2023, shareholders who possess Reliance shares in their demat accounts will receive one share of the newly listed company for each share of Reliance they hold.

Moreover, it is crucial to note that all the FnO (Future and Options) contracts of Reliance Industries will expire on July 19th, 2023, for the months of July, August, and September. This expiration date holds significant implications for traders in the FnO segment.

For a comprehensive understanding of this demerger and its implications, we encourage you to watch our video. If you desire further details or have any queries, feel free to reach out to us.

Stay tuned to "Shoonya Ka Sampoorn Gyan" for more insightful updates and analysis. Don't forget to like, share, and subscribe to our channel for regular updates on the latest developments in the corporate world.

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