jfsl demerger: With $20 billion weapon, Mukesh Ambani just disrupted NBFC hierarchy

Bajaj Finance now has a market cap of Rs 4.6 lakh crore. Upon listing on stock exchanges, JFSL will take over the No.2 slot ahead of Cholamandalam Investment and Finance which is presently the second-largest NBFC with an m-cap of Rs 96,000 crore.

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