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Reliance shareholders approve retail unit's $4 bn lease to Jio Financial
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Reliance shareholders approve retail unit's $4 bn lease to Jio Financial
21 June 2024
Shareholders of India's Reliance Industries approved a deal worth $4.3 billion between its units Reliance Retail and Jio Financial Services (JFS), according to a disclosure with stock exchanges on Friday.
JFS plans to acquire equipment worth Rs 36,000 crore from Reliance Retail, as the financial services provider plans to enter the device leasing business.
Shareholders of India's Reliance Industries approved a deal worth $4.3 billion between its units Reliance Retail and Jio Financial Services (JFS), according to a disclosure with stock exchanges on Friday.
JFS plans to acquire equipment worth Rs 36,000 crore from Reliance Retail, as the financial services provider plans to enter the device leasing business.
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