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Reliance Industries Jio Financial Services demerger: Jio Financial Services is valued at a whopping Rs 1.66 lakh crore or about $20.3 billion, only after Bajaj Finance which has a market cap of Rs 4.6 lakh crore, Economic Times reported. Once it gets listed on the bourses, JFSL will replace Cholamandalam Investment and Finance (Rs 96,000 crore) at the 2nd spot., Companies News, Times Now ....