After building a 'digital layer' (Jio Platforms) on top of the existing 'physical layer' of retail shops, RIL would over the next 4 years focus on a third 'layer of commerce', BofA Securities said
RIL's approach of owning the "pipe" as well as the "services" offered on the pipe should help it keep the subscriber base captive, the brokerage says.
Tata Consultancy Services and HDFC Bank were the only gainers among the 10 most valued listed firms
All that happened in the markets today
Reliance, an oil-to-telecoms conglomerate controlled by India's richest man, Mukesh Ambani, is pitching its retail business as a formidable force
No plans to sell it despite competition from online players
The list covers five sectors including finance, technology, health, government/politics and media/entertainment
Last week, RIL announced that it will acquire Future Enterprise Limited's consumer business for a purchase consideration of around Rs 24,713 cr
The Government Pension Fund Global sold 9.5 million shares representing 1.75 per cent stake of Future Retail at Rs 158.61 per share on the NSE on Monday.
Future would be one of the top contract manufacturers in FMCG, fashion space but with wafer-thin margin
Plans to be rolled out from today
As part of the deal announced on Saturday, Future Group will be selling its retail assets to Reliance Retail in a deal pegged at Rs 24,713 crore
Praveen Khandelwal, secretary general of Confederation of All India Traders said the deal will lead to monopoly and consequently unfair domination by the large player(s)
All that happened in the markets today
The deal between the retail arm of RIL and Future Group has brought back focus on the related stocks. Here are the key levels track before you make an investment in these stocks
Mukesh Ambani, despite being a later starter in the Retail Business, is today the undisputed emperor.
From govt asking ministeries to review staffer performance to likely SC verdict on telecom AGR dues, here are top headlines this morning
The financial instruments of Future group have gone through multiple rating downgrades in recent months due to the delay in payments
Gets scale, massive presence, higher valuation of its retail business, and inherits the entire logistics and distribution chain
Biyani (59), who started his business in 1987 by launching Manz Wear which later adopted the brand name of Pantaloon, has agreed to hand over the control of his retail empire to relatively new entrant