Reliance Industries Chairman and Managing Director Mukesh Ambani, on Friday, made a statement on the Jio Financial Services demerger process and the key approvals that are already approved. He added that the company will promote financial inclusion in India.
The press release read, “The process of demerger of the financial service business – Jio Financial Services Limited – is on track with key approvals in place.”
Ambani asserted that Jio Financial Services is uniquely placed to enable financial inclusions in India.
Earlier in 2022, Reliance Industries announced that it will demerging its financial service business – Jio Financial Services. It later also listed it on the exchanges separately.