Report: Reliance aims to list Jio Financial as early as October

reliance-jio-finance

Reliance Industries Ltd. The Indian conglomerate, led by billionaire Mukesh Ambani, is in talks with regulators to get the necessary approvals for its Mumbai market for the first time. The parent company is scheduled to hold a meeting of shareholders and creditors on May 2, according to a March filing. If the listing goes ahead, Reliance will be able to leverage its growing customer base, including India’s largest wireless operator and largest retailer, to bolster its nascent financial services business. Jio Financial aims to be a technology-led service, delivering financial products digitally. Each shareholder of Reliance will get one share of Jio Financial on listing for each of their shares.