Reliance may list Jio at $112 billion valuation next year, Jefferies says

Quick Summary:

Reliance Industries, India’s most valuable company, may consider spinning off its telecom arm Jio for a public listing as early as 2025, Jefferies said in a research note, with investors favouring this route over an initial public offering.

The move follows Jio’s recent focus on monetisation and market share gains, signaled by its leading role in tariff hikes.

A spinoff would see Reliance shareholders receive proportionate ownership in Jio, potentially leading to a more accurate standalone valuation.

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Article Details

Author / Journalist: Manish Singh

Category: Technology

Markets: United StatesIcelandIndia

Topics: Jio Platforms Reliance Retail Reliance industries Airtel Venture Reliance Jio Platforms

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 05:19:33 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 993 words

Reading Time: 6 minutes read

Sentences: 47 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21571094

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