This story is from August 07, 2023
Reliance expects to list fin services unit soon
NEW DELHI: Reliance Industries (RIL) hopes to soon list shares of its financial services unit, Reliance Jio Financial Services, to unlock value for shareholders, the company said in its annual report.
A listing date for Jio Financial Services is expected to be announced at Reliance's forthcoming annual general meeting. Ambani said Jio Financial Services wants to provide simple, affordable and innovative digital first solutions. "Jio Financial Services along with its subsidiaries will leverage technological capabilities of Reliance and digitally deliver financial services, democratising access to financial services offerings for Indian citizens," he said.
Last month, Jio Financial Services and US-based BlackRock announced they would form a 50:50 joint venture to launch asset management services in India.
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A listing date for Jio Financial Services is expected to be announced at Reliance's forthcoming annual general meeting. Ambani said Jio Financial Services wants to provide simple, affordable and innovative digital first solutions. "Jio Financial Services along with its subsidiaries will leverage technological capabilities of Reliance and digitally deliver financial services, democratising access to financial services offerings for Indian citizens," he said.
Last month, Jio Financial Services and US-based BlackRock announced they would form a 50:50 joint venture to launch asset management services in India.
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Top Comment
Anil
857 days ago
While one of the inheritors of Reliance flagship has gone bankrupt, it is shareholders who have benefited from the demerger of the Reliance group . Read allPost comment
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