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Jio Fin’s Arm Mulls Snapping Up Telecom Equipment Worth $4.32 Bn From Reliance Retail

Inc42 · 1y

JLSL is venturing into the Device-as-a-Service (DaaS) market by providing telecom devices and services to Reliance Jio Infocomm customers. The company plans to offer leasing options for these devices at a price based on cost plus margin. In a separate development, Jio Financial Services is seeking approval from shareholders to increase the foreign investment limit in its equity capital up to 49%.