RIL-Jio Financial Demerger: All You Need to Know

2023 • 6min • News • Business


Published On: July 19, 2023 - RIL has announced demerger of its financial services business into Reliance Strategic Investments. The spun-off entity has been renamed Jio Financial Services. Shares of RIL scaled a fresh 52-week high of Rs 2,845, up nearly 1% on BSE in Wednesday�s intra-day trade ahead of the demerger. News9's Kartik Malhotra speaks about the unlocking of value and why the demerger process is taking place in this segment.