36 हजार करोड़ का धमाका | Jio Financial Services Share | म्यूचुअल फंड ने बड़ा माल उठाया

36 हजार करोड़ का धमाका | Jio Financial Services Share | म्यूचुअल फंड ने बड़ा माल उठाया

Jio Financial Services arm plans Rs 36K crore deal with Reliance Retail
Reliance Retail is a step-down subsidiary of Reliance Industries Ltd. RIL holds 83.56 per cent in Reliance Retail Ventures Ltd

Mukesh Ambani’s Jio Financial Services (JFS) is set to seek shareholder approval for its leasing subsidiary to acquire telecom equipment and devices worth Rs 36,000 crore ($4.33 billion) from the retail arm of Reliance Industries – Reliance Retail Ltd.

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.

“JLSL is entering into the business of operating lease via a Device-as-a-Service (DaaS) model. DaaS is a new-age service model where businesses or individuals lease certain goods along with associated services, rather than purchasing the devices outright,” according to a postal ballot notice to shareholders by JFS.
DaaS typically includes installation, maintenance, support, and sometimes additional services like updates.

Reliance Retail is a step-down subsidiary of Reliance Industries Ltd. RIL holds 83.56 per cent in Reliance Retail Ventures Ltd, which has a 100 per cent stake in Reliance Retail. Reliance Retail is in the business of dealing in devices and related equipment.

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