Jio Financial Surpasses Adani Companies, Setting a New Benchmark | Business News | Mukesh Ambani

On Thursday, Jio Financial Services Limited completed its demerger from Reliance Industries. Prior to the demerger, NSE conducted a special pre-open session for the company. Last Friday, Mukesh Ambani-Reliance Industries chairman reclaimed his position of being Asia’s richest person. His NNet worth skyrocketed to $99.7 billion. Doing so Mukesh Ambani successfully surpasses Adani Group chief- Gautam Adani, who sat on the position for the past few months. 

Top 5 richest person in Asia

1. Mukesh Ambani - India

2. Gautam Adani- India

3. Zhong Shanshan- China

4. Zhang Yimin- China

5. Ma Huateng- China

Jio Financial Services' stock price on the National Stock Exchange was set at 261.85 per share on Thursday during a special pre-open call auction session. This came after its demerger from Reliance Industries Ltd. (RIL), which caused the share price of RIL to fall to 2,580.The new price of Jio Financial Services has surpassed analyst predictions, which ranged from ₹125 to ₹225.