Hitesh Sethia likely to join Jio Financial Services
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Sources gave this information. Sethia could not be reached for comment, while an email sent to Reliance did not elicit any response. However, sources said that Sethia is likely to join Jio Financial Services.
Hitesh Sethia, the top executive of McLaren Strategic Ventures, is joining billionaire Mukesh Ambani’s group. He will lead the financial services business there. Sources gave this information. Sethia could not be reached for comment, while an email sent to Reliance did not elicit any response. However, sources said that Sethia is likely to join Jio Financial Services. The sources, however, did not specify which post he would be taking.
According to his LinkedIn profile, Sethia is currently Head of Europe – McLaren Strategic Ventures. In October last year, Reliance Industries had said it would demerge its financial services arm and list it on the stock exchanges. “The Board of Directors of Reliance Industries Limited (RIL) at its meeting held on October 21 approved a Scheme of Arrangement between RIL, Reliance Strategic Investments Limited (RSIL) and their respective shareholders and creditors,” it said. Under this, RIL will demerge its financial services venture as RSIL (which will be renamed as Jio Financial Services Limited or JFSL).
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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