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Jio Fin arm plans Rs 36K cr deal with Reliance Retail

Mukesh Ambani s Jio Financial Services (JFS) is set to seek shareholders approval for its leasing subsidiary to acquire telecom equipment and devices worth Rs 36,000 crore ($4.33 billion) from Reliance Retail.

Jio Leasing Services Limited (JLSL), a wholly-owned subsidiary of JFS, plans to enter the device leasing business, and the equipment will be deployed in broadband wireless connectivity and other services. ....

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