SAWT BEIRUT INTERNATIONAL

| 8 December 2022, Thursday |

India’s Reliance to demerge, list financial services business

Reliance Industries announced on Friday that it will demerge its financial services division and list it on Indian stock exchanges as Jio Financial Services.

Reliance shareholders will get get one share of Jio Financial Services for one share held in Reliance, the conglomerate led by billionaire Mukesh Ambani said in an exchange filing.

    Source:
  • Reuters