Team Blitz India
MUMBAI: Life Insurance Corporation (LIC) on August 22 said it has acquired a 6.66 per cent stake in Jio Financial Services, the demerged non-banking financial services unit of the Mukes hAmbani-led Reliance group.
“Life Insurance Corporation has acquired 6.660 per cent shareholding in ‘Jio Financial Services Ltd’ through demerger action by ‘Reliance Industries Ltd’,” LIC said in a regulatory filing.
Jio Financial Services were listed on the Bombay Stock Exchange (BSE) on August 21. The market capitalisation of the financial services company stood at close to Rs 1.60 lakh crore.
