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RIL to demerge financial arm

new delhi, May 4 Shareholders and creditors of Reliance Industries (RIL) have approved the demerger of its financial services arm, Reliance Strategic Ventures Ltd. In a filing to stock exchanges, RIL said it received 99.99% of votes in favour of...

PTI

Updated At : 12:40 PM May 05, 2023 IST

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new delhi, May 4

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Shareholders and creditors of Reliance Industries (RIL) have approved the demerger of its financial services arm, Reliance Strategic Ventures Ltd. In a filing to stock exchanges, RIL said it received 99.99% of votes in favour of the demerger in a shareholders’ meeting held on May 2.

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