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Tag Archives: Reliance Industries (RIL)

RIL to restructure group EPC resources

TBB BUREAU MUMBAI, OCT 22, 2022 The board of Reliance Industries (RIL) on Friday approved a scheme of arrangement under which the EPC and infrastructure undertaking of Reliance Projects and Property Management Services (RPPMSL), a wholly-owned subsidiary of RIL, is proposed to be demerged into RIL. This demerger, together with the existing EPC team in RIL, creates a focused EPC ...

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RIL to demerge financial services undertaking, list Jio Financial Services

TBB BUREAU MUMBAI, OCT 21, 2022 The board of Reliance Industries (RIL), at its meeting held on Friday, approved to demerge the company’s financial services undertaking into Reliance Strategic Investments (RSIL). The financial services undertaking will be renamed Jio Financial Services Limited (JFSL). JFSL would be listed on the Indian stock exchanges. RSIL is currently a wholly-owned subsidiary of RIL ...

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