Investors rushed to buy RIL shares after the company received approval for the demerger of its financial services arm, which would unlock value for its 36 lakh shareholders.
Hitesh Kumar Sethia has been appointed as MD and CEO of the new entity for a period of 3 years; Isha Ambani, Rajiv Mehrishi to be inducted on the board of the demerged unit.
RIL will take necessary steps including fixing the record date for allotment and listing of equity shares of Reliance Strategic Investments on stock exchanges.
