RIL shareholder meet in May to demerge financial services arm
Business Standard|March 31, 2023
Demerger expected to create a behemoth in financial services space
ABHUJIT LELE Mumbai, 30 March
RIL shareholder meet in May to demerge financial services arm

Lenders and shareholders of Reliance Industries Ltd (RIL) will meet on May 2 to demerge the firm's financial services business. This is expected to create a big player in segments including the NBFC (non-banking financial company) space with net worth of ₹225,851 crore as of March 2022.

According to the plan, RIL shareholders will get a share in the demerged entity for each one held in the company.

After demerger, the shares of Reliance Strategic Investments will be named Jio Financial Services, and will be listed on the National Stock Exchange and the BSE, the company said in a statement.

The meeting is being held following an order by the National Company Law Tribunal, Mumbai Bench.

هذه القصة مأخوذة من طبعة March 31, 2023 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 31, 2023 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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