RJio spin-off or IPO expected within five years: Jefferies
1 year, 7 months ago

RJio spin-off or IPO expected within five years: Jefferies

Live Mint  

New Delhi: Brokerage house Jefferies expects Reliance Jio to be spun off or listed within the next four to five years, on the lines of Reliance Retail, even as the group creates a new energy business and repositions the telecom subsidiary as a technology company. Chairman will create the new energy business, and we expect him to likely spin off/IPO Jio and Retail during his current tenure,” Jefferies Equities Research said in a note on the recent announcements made by Mukesh Ambani, chairman of Reliance Industries in its annual general meeting on Monday. RIL announced a succession plan with the induction of the next generation into the RIL Board, while on Jio, it announced the launch of its fixed wireless access service called Jio Air Fiber from September 19 with the aim to reach 200 million paying homes, even as it pegged Jio Platforms as the provider of innovative platforms to business worldwide and as a developer of AI models for India. “Bharti Airtel and Vodafone Idea will face risk from higher mobile number portability or MNP port-outs or any disruptive JioAirfiber pricing,” said analysts at Bank of America Securities in a note.

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