Jio Financial Plans to Acquire Equipment Worth Rs 36,000 Crore from RIL – Equitypandit
Jio Financial Services (JFS) is asking shareholders for approval to allow its business to spend a total of Rs 36,000 crore on equipment from Reliance Industries’ retail division in order to enter the device leasing industry. This request was made in reaction to a notice of a postal vote. The proposed arrangement asks for the acquisition of telecom equipment and…