Through demerger action, LIC has obtained a 6.66% shareholding in Jio Financial Service

LIC, via a demerger, now holds a 6.66% stake in Jio Financial Services. This move likely aligns with LIC’s diversification strategy, expanding its presence beyond insurance. Jio Financial Services benefits from this association, gaining from LIC’s financial expertise and market credibility. This strategic partnership could potentially reshape the landscape of financial services in India