Reliance May List Jio at $112 Billion Valuation Next Year, Jefferies Says

CosmicTaco · 2024-07-11T11:14:20.907274+05:30

- 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

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

20mo ago

TwirlyPanda

Wayfair

20mo

I will buy all the stocks I can get. It's going to have a monopoly in Indian market no matter what.

ZestyQuokka

Hinge

20mo

For next 5 years sure. Will need more validation post next government

SnoozyDumpling

Career Break

20mo

Nahin Mota bhai dono party-yon Ko khilate hain. Toh sono khush 😉

BouncyDonut

Stealth

20mo

I already have Reliance Industries & Jio Finance. Collectively they have worth of 38L (till date) in my portfolio. I hope this one gives a bigger boost!

GigglyPretzel

Accenture

20mo

Oh bhai, all salary you invest..

BouncyDonut

Stealth

20mo

Haha Salary nahi hai apna. Business income hai.

JazzyBanana

Stealth

20mo

Cue mindless comments talking about Paisa vasooli, shaadi ka kharcha etc.

GrapeWhine, more like.

JumpyBurrito

British Telecom

20mo

During IPO, do we get Jio shares if we are holding Relience shares?

PrancingNugget

Stealth

20mo

Yes we will get as per the market cap ratio

CosmicLlama

Freelancer

20mo

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