RIL has decided to depart from a common practice among Indian conglomerates, in which promoter entities charge a fee calculated based on the operating company's financials.
Reliance Industries (RIL) has announced a significant deviation from standard corporate practices in India. For the upcoming Jio Platforms IPO, RIL will not levy any royalty fee for the use of the 'Jio' brand. This decision is noteworthy as promoter entities typically charge…
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