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Reliance demerger: Financial arm to become the 5th largest financial services firm in India

Reliance demerger: Financial arm to become the 5th largest financial services firm in India

Billionaire Mukesh Ambani-led Reliance Industries has received a green light from its shareholders and creditors for the demerger of its financial services arm- Reliance Strategic Ventures. Nearly 100% of the votes cast were in favour of the resolution and the arm will be renamed as Jio Financial Services after the demerger.  Reliance Industries had approved [...]
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