After retail and telecom, Ambani casts eye on financial services, new energy business
Billionaire Mukesh Ambani aims to make his recently demerged Jio Financial Services the largest non-banking lender in India, according to Reliance Industries' latest annual report. The unit plans to leverage digital and retail businesses’ technological capabilities to democratically provide financial services to citizens. It recently partnered with BlackRock to set up a mutual funds business and has little revenue, but owns 6.1% of Reliance.
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