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Jio Financial Services: Valuation, Size And More
NCLT asks RIL to seek creditor and shareholder nod to spin off its financial services business.
31 Mar 2023, 07:41 AM IST
In one of many shareholder value-unlocking exercise expected in Reliance Industries Ltd., the National Company Law Tribunal has asked the company to seek nod from creditors and shareholders nod on May 2 for spinning off financial services business.That will pave the way for the NCLT to give its final approval to the scheme of arrangement under which those holding shares of Reliance Industries as on April 25, 2023 will get an equal nu...
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