Claim: A media release from Reliance Jio Infocomm Ltd says the company is going to acquire Federal Bank at 10 billion USD.
Fact-check: Fact Check: Reliance Jio is not taking over Federal Bank. Viral 'media release' is a hoax 
Verdict: false
Organisation: India Today
Author: Kajol Rustagi
Date published: 2021-09-16T12:24:18