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RIL shareholders to get shares on 1:1 basis in soon to be listed JFSL

The Board of Directors of Reliance Industries Limited (RIL), at its meeting held on Friday, approved a scheme of arrangement among RIL, Reliance Strategic Investments Limited (RSIL) and their respective shareholders and creditors in terms of which, RIL will demerge its financial services undertaking into RSIL (to be renamed Jio Financial Services Limited or JFSL).

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