Today’s Latest Business News, Finance and Share Market News at 5:30 pm on 22 August 2023

News Snapshot:

Life Insurance Corporation of India on Tuesday said that it has acquired 6.660 per cent shareholding in Jio Financial Services Ltd, the demerged non-banking financial services arm of the Reliance Industries. The regulatory filing said, quote, “This is to inform that the Corporation has acquired 6.660 per cent shareholding in Jio Financial Services Ltd through demerger action by Reliance Industries Ltd as per the notice by company dated 19th July 2023,” unquote. Jio Financial Services listed on the stock exchanges on August 21, listing at Rs 265. The market capitalisation of the company stood at close to Rs 1.60 lakh...