jfsl demerger

Nithin Kamath on RIL demerger: Companies should announce acquisition cost in advance

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Nithin Kamath on RIL demerger: Companies should announce acquisition cost in advance

NEW DELHI: Billionaire Nithin Kamath, who owns and runs India’s largest stock broker Zerodha, on Friday said the decision of Reliance Industries (RIL) to announce the cost of acquisition for Jio Financial demerger on ex-date might have helped in better price discovery. “Companies normally take time, even after ex-date, to announce COA (cost of acquisition). … Read more

With $20 billion weapon, Mukesh Ambani just disrupted NBFC hierarchy

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With $20 billion weapon, Mukesh Ambani just disrupted NBFC hierarchy

Billionaire Mukesh Ambani, the king of disruption, is at it once again. Just when Bajaj Finance became India’s most valued NBFC following a $40 billion reverse merger of HDFC with HDFC Bank, Reliance Industries (RIL) has already fired a $20 billion salvo to change the pecking order in the world of shadow lenders. Following a … Read more