Jio Financial board to meet today to consider fundraising options; Reports say Ambani family likely to invest big
Mukesh Ambani’s family is expected to invest a large amount in Jio Financial Services’ fundraising plan, scheduled for today (July 30). According to a report by Business Standard that cited people familiar with the matter, the investment could go up to Rs 10,000 crore.
The report further maintained that the Ambani family is likely to increase their stake from the current 47 per cent to more than 51 per cent,