Reliance Jio could list at $112bn valuation, 15% upside in RIL: Jefferies

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On its part, RIL Chairman Mukesh Ambani, in the shareholders’ meeting last year, had said the company had cumulatively invested more than $150 billion in the past 10 years — higher than any other company in India and comparable to the leading businesses across the world.

Both domestic as well as foreign investors, typically, prefer spin offs in India as holdco discounts are 20-50 per cent in India but steeper (50-70 per cent) for conglomerates in Korea and Taiwan.

Jefferies target price, in case of a spin-off, implies a 14 per cent upside in their base case scenario.

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Category: BusinessFinance

Markets: IndiaTaiwan

Topics: Reliance What is jio valuation Jio listing Ril share pice Markets Jio news Ril stock Jefferies When will jio list Tariff hike Business standard Jio financial services Reliance jio Jefferies target price for ril stock Reliance jio Jio listing timeline Ril share price outlook When will reliance jio list Jio plans

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Article Type: News Report

Published On: 2024-07-11 @ 12:45:09 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 670 words

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News ID: 21572009

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