 "Reliance Jio")
Analysts see an upgrade on the way to the estimated valuation of the digital business of Reliance Industries (RIL). So far, it has been valued only on the telecom arm, Jio.
This is a sequel to Friday's announcement from RIL on a structure to make Jio debt-free. This is seen as a move towards a likely listing of the latter's shares.
“In most valuations used by the Street, including ours, Jio is valued mainly as a telecom service provider. No value is ascribed for Jio’s suite of apps, digital investments and capabilities like AI, IoT, etc. This exercise aims to
