Jio Financial Services Ltd valued at $20 billion after spinoff

Reliance Industries' financial services unit, Jio Financial Services, has been valued at approximately $20bn after a trading valuation session. The company was priced at Rs 261.85 each based on trading at 10am Thursday in Mumbai, which will increase Reliance's position as one of India's most valuable companies. https://ift.tt/SZbLduk