Mukesh Ambani's another Jio juggernaut rumbles in. What can happen
With Jio Financial Services, Mukesh Ambani is aiming for a kind of disruption in the financial services sector as Jio Infocomm has done in the telecom sector. Jio Financial Services is aiming to reach the vast strata of Indian population which exists out of the range of the current lending sector.
What Mukesh Ambani's buy 1 get 1 offer mean for 36 lakh RIL shareholders
Reliance Industries shareholders have a chance to earn one Jio Financial Services (JFSL) share, for every stock held, subject to a 'buy one, get one' offer, which ends today. The offer follows the decision to demerge RIL's financial services into a separate subsidiary.
Another disruption in making? 10 things to know about Jio Financial demerger
Reliance Industries plans to demerge its financial services subsidiary, which will be renamed Jio Financial Services (JFSL), unlocking value and making it India's fifth-largest financier in terms of capital. After separating financial services from other core businesses, RIL can attract strategic partners with only financial service interests, according to analysts.
Mukesh Ambani ready to unlock value for 36 lakh RIL shareholders well before Diwali
Market insiders believe that Ambani may announce the record date for the allotment and listing of Reliance Strategic Investments, which would be renamed to JFSL, in July or August. In the company's annual general meeting (AGM), the date of which has not been announced yet, Ambani is expected to lay out the roadmap for JFSL before it gets listed on stock exchanges.