Reliance Jio to exchange old feature phones for new at ₹501

Mukesh Ambani-led Reliance Industries on Thursday at the company's 41st Annual General Meeting announced that customers will be able to exchange their existing feature phones for a new JioPhone by paying ₹501. The exchange offer, called 'Monsoon Hungama', will start from July 21, 2018. "We have more than 25 million JioPhone users in India," said Ambani.