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In July 2023, it was spun-off via a demerger, [3] with shareholders of Reliance Industries receiving one equity share of Jio Financial Services for every share they held in Reliance. [6] Reliance Industries transferred Rs 15,500 crore of cash and liquid investments to Jio Financial Services as part of the demerger scheme.
In November 2009, Reliance Industries issued 1:1 bonus shares to its shareholders. [citation needed] In 2010, Reliance entered the broadband services market with acquisition of Infotel Broadband Services Limited, which was the only successful bidder for pan-India fourth-generation (4G) spectrum auction held by the government of India.
Reliance Group (stylized as ReLIΛNCe) is an Indian conglomerate, headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son Anil Ambani. [1] Reliance Group has five listed companies, Reliance Power, Reliance Infrastructure, Reliance Home Finance, and Reliance ...
Reliance Entertainment Pvt. Ltd. is an Indian media and entertainment company. It is a division of Reliance Group , handling its media and entertainment business, across content and distribution platforms.
Reliance Securities Limited is a broking arm of Reliance Capital. [1] It is one of India ’s largest retail broking houses with over 1 million customers and a pan- India presence at more than 1,700 locations. [ 2 ]
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Jio Platforms is an Indian multinational technology company, headquartered in Mumbai.It is a subsidiary of Reliance Industries.Established in 2019, it acts as a holding company for India's largest mobile network operator, Jio, and other digital businesses of Reliance. [3]
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.