Mukesh Ambani-led Reliance Industries Ltd (RIL) has said that it will capitalise on the core strength of its businesses and expertise of global investment major DE Shaw in its proposed foray into the financial services sector. Reliance Industries has entered into a joint venture with DE Shaw as part of its plans to enter the fast growing financial services sector. “This joint venture (with DE Shaw) will incorporate DE Shaw's expertise in investment and related technology with Reliance's operational knowledge and extensive presence across India to offer a wide array of financial services to Indian consumers,” RIL said on Thursday while announcing its annual results.
RIL chief Mukesh Ambani said the company was fully geared to participate in India's growth and continued global recovery in the coming years.
