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LIC Gains 6.66% Share in Jio Financial Services via Demerger

  • Life Insurance Corporation (LIC) has acquired a 6.66% stake in Jio Financial Services.
  • Acquisition was made possible through the demerger action by Reliance Industries Ltd.
  • Jio Financial Services’ market capitalisation is nearly Rs 1.60 lakh crore after recently listing on the stock exchanges.
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