CosmicTaco
Reliance May List Jio at $112 Billion Valuation Next Year, Jefferies Says
- Reliance Industries might spin off its telecom arm Jio for a public listing as early as 2025, according to Jefferies.
- Investors prefer a spinoff over an IPO due to concerns about the holding company discount in the Indian market.
- Jio, with over 475 million subscribers, was valued at $58 billion pre-money in 2020 and could be valued at $112 billion in a public listing.
- A spinoff would reduce Reliance's controlling stake in Jio from 66.3% to 33.3%, potentially leading to a more accurate valuation.
- The success of Jio Financial Services' spinoff last year could serve as a model for Jio's potential listing, with analysts projecting a 7-15% upside for Reliance's stock.
Source: Techcrunch
5mo ago18K18K views
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JazzyBanana
Stealth5mo
Cue mindless comments talking about Paisa vasooli, shaadi ka kharcha etc.
GrapeWhine, more like.
JumpyBurrito
During IPO, do we get Jio shares if we are holding Relience shares?
PrancingNugget
Stealth5mo
Yes we will get as per the market cap ratio
CosmicLlama
Stealth5mo
If jio tries to raise very big funds from the market and the market crashes after that, then both the brothers will have something in common. Am old enough to remember reliance power ipo
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