The Competition in the financial services segment is set to soar up as Reliance Industries Ltd (RIL) on Saturday fixed July 20 as the record date for allotment of equity shares in the demerger process of its financial services company into Reliance Strategic Investments Ltd (RSIL).
In October 2022, RIL said it would demerge its financial services undertaking into RSIL, which will be renamed Jio Financial Services Ltd (JFSL).
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