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Reliance shareholders approve retail unit's $4 billion lease to Jio Financial

By Economic Times - 3 months ago
JFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business. Through the deal, JFS' unit - Jio Leasing Services - will buy customer premises equipment, devices and telecom equipment such as routers and cell phones.

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