Reliance shareholders approve retail unit’s $4 bn lease to Jio FinancialShareholders 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. Separately, shareholders of the billionaire Mukesh Ambani-led company also approved the re-appointment of Yasir Othman Al Rumayyan, the chairman of Saudi Aramco, as an independent director for a second term of five consecutive years Reliance shareholders approve retail unit’s $4 bn lease to Jio FinancialShareholders 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. Separately, shareholders of the billionaire Mukesh Ambani-led company also approved the re-appointment of Yasir Othman Al Rumayyan, the chairman of Saudi Aramco, as an independent director for a second term of five consecutive years
Reliance shareholders approve retail unit's $4 bn lease to Jio Financial Shareholders of India's Reliance...