Demerger Between Reliance Industries & Jio Financial Services
Reliance Industries will have Jio Financial Services holding 413 million treasury shares, accounting for 6.1% of its outstanding shares. The Reason for Demerger? Reliance Industries demerged to create Reliance Strategic Investments Limited also known as Jio Financial Services (, focusing on Financial Services Business. This move aims to enhance management focus and operational efficiency in…