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Jio Financial Services: How To Value Mukesh Ambani's New Fintech?
Record date for demerger of Jio Financial Services to be July 20, 2023.
07 Jul 2023, 03:15 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![<div class="paragraphs"><p>Mukesh Ambani, chairman and managing director of Reliance Industries. (Photo: Sajeet Manghat/BQ Prime) </p></div>](https://media.assettype.com/bloombergquint%2F2016-09%2Fe6170c37-35d3-4b05-8a35-8563cb88c94d%2FWhatsApp%20Image%202016-09-01%20at%2011.06.56%20AM.jpeg?rect=0%2C0%2C1280%2C720&auto=format%2Ccompress&w=200)
Mukesh Ambani, chairman and managing director of Reliance Industries. (Photo: Sajeet Manghat/BQ Prime)
Reliance Industries Ltd. received approval from the National Company Law Tribunal, Mumbai, for the demerger of the financial services business to create Jio Financial Services Ltd.—the third consumer-facing subsidiary of the billionaire Mukesh Ambani-controlled group after retail and telecom.The shareholding of Jio Financial Services will mirror that of RIL, with each shareholder getting one share for every one held in the parent. Th...
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