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ā¢ Jio Financial Services, a subsidiary of Reliance Industries, is in talks with merchant bankers for its first bond issue worth 50-100 billion rupees.
ā¢ The company plans to establish itself as a full-service financial services firm, competing with the likes of Bajaj Finance.
ā¢ Bankers expect Jio Financial to receive a AAA credit rating and issue bonds with a maturity of no longer than five years.