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Jio Financial Services plans Rs 36,000 cr deal with Reliance Retail: Report

Jio Financial Services plans Rs 36,000 cr deal with Reliance Retail: Report

May 24, 2024, at 10:49 pm

Mumbai: Jio Financial Services (JFS) is seeking shareholder approval for its subsidiary to acquire equipment worth Rs 36,000 crore from Reliance Industries' retail division as part of its plan to enter the device leasing market, according to a postal ballot notice, reported Reuters.

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