The move is positive as RIL shareholders will have a direct play on India’s fast-growing digital fintech market through an entity which would be able to leverage RIL’s vast footprint across telecom and retail arena. Jio Financial Services plans to acquire liquid assets to provide adequate regulatory capital for lending to consumers, merchants.
ETMarkets PMS Talk | A ‘private equity approach’ to public markets has driven our investing success for 15 years: Sameer Shah
ValueQuest’s Sameer Shah champions a private equity approach to public markets. He focuses on deep research and conviction in identifying transformative business trends early. Shah