00:00 If you are an investor in Reliance Industries, then there is good news for you.
00:04 Finally, the wait for investors on Dalal Street has ended.
00:07 The listing of the company Geo Financial Services, which recently separated from Reliance Industries, will be on August 21.
00:14 What are some details, let's tell you in this video.
00:17 Stock Exchange announced on Friday that the subsidiary of Reliance Industries will start trading in Geo Financial Services shares from Monday.
00:27 After the demerger from Reliance Industries, Geo Financial Services shares were included in the major indexes like NSE and BSE, Nifty 50 and Sensex.
00:38 After the demerger, this was done to ensure stability in the shares of RAL and to reduce the decline.
00:45 You must be aware that last week, JFSL shares were added to the Demat account of Reliance shareholders.
00:51 Reliance's eligible shareholders were given a share of Geo Financial Services on each share.
00:56 The company had set a record date for this on July 20.
01:00 To decide the value of Geo Financial's share, the share market had organized a special pre-opening session.
01:07 In this special session, the share price of Geo Financial was set at Rs 261.85 per share.
01:13 After this, this stock is included in different indexes with a fixed price.
01:18 JFSL has been included in Nifty 50, BSE, Sensex and other indexes.
01:23 Now it is trading at a fixed price.
01:26 After 3 days of listing, it will be removed from this status.
01:29 That is, after the trading starts on Monday, the shares of Geo Financial Services will be removed from all indexes after the market closes on Thursday.
01:38 In the next 10 trading sessions, Geo Financial's share will be in the trade for trade segment.
01:43 Its trading will be with the Geofin symbol.
01:46 Now if we look at the share price, then Geo Financial's market cap is 1.66 lakh crore.
01:55 On this valuation, it is the second largest NBFC company in the world and the 32nd largest company in the country.
02:02 Its market cap is more than Tata Steel, Coal India, HDFC Life and SBI Life.
02:07 Now Bajaj Financial has the largest NBFC in the country with a market cap of 4.2 lakh crore.
02:14 On the second number is Chol Mandlam Investment and Finance, whose market cap is 84,000 crore.
02:20 JFSL, Bajaj Holdings and Investment, SBI Cars, Sriram Finance, Mutut Finance and Paytm will also be a large company.
02:27 After the news of the start of trading in Geo Financial Services shares came out,
02:32 RIL's shares closed at a level of Rs. 2,556.80 with a 0.70% jump.
02:40 According to the new shareholding pattern, the company has a share of 45.08% of promoters,
02:46 6.27% of mutual funds and 26.44% of foreign institutions.
02:53 The company has also shown interest in lending, insurance payments, digital broking and asset management business.
03:00 To enter the mutual fund industry, the company has made a joint venture with the world's largest asset management company BlackRock.
03:08 The first phase of the alliance will be held on August 28, in which Mukesh Ambani will reveal the roadmap of Geo Financial Services.
03:15 There is good news for investors because trading will start from Monday.
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