The Mukesh Ambani group is contemplating a foray into financial services distribution business, using its vast network of retail chain to sell products like insurance, mutual fund and forex of different players from India and abroad.
The talks for Mukesh Ambani group’s entry into financial services business is being seen as one of follow-ups to a truce deal on May 23 that also scrapped a five-year old non-compete agreement between the brothers. Reliance Industries has already set up a few subsidiaries for financial services business.
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