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Where Jio Platforms Derives Its Value From
Here’s where Jio Platforms derives its value from.
14 May 2020, 04:32 PM IST
Reliance Industries Ltd.’s fund-raising blitz has revealed two things: its telecom assets now contribute half its market capitalisation, and most of that is derived from wireless, broadband and enterprise business of Reliance Jio Infocomm Ltd.In the last 20 days, India’s biggest company controlled by Asia’s richest man got investment commitments worth Rs 60,597 crore for 13.46 percent stake in Jio Platforms. These came from Facebook ...
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