Reliance shareholders approve retail unit's $4 bn lease to Jio Financial
Written by: Planify
Published: 21 June 2024
Updated: 27 June 2024
1 min read
Shareholders of India's Reliance Industries approved a deal worth $4.3 billion between its units Reliance Retail and Jio Financial Services (JFS), according to a disclosure with stock exchanges on Friday.
JFS plans to acquire equipment worth Rs 36,000 crore from Reliance Retail, as the financial services provider plans to enter the device leasing business.
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