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An Exit Plan For Reliance Retail Employees Values The Company At A Discount
The share swap ratio puts the value of Reliance Retail at 28 percent of Mukesh Ambani-controlled RIL’s valuation.
26 Dec 2019, 11:51 AM IST
Reliance Retail Ltd., the retail arm of India’s largest company by market capitalisation, valued itself at Rs 2.8 lakh crore, a discount of nearly 14 percent compared to analyst estimates, according to disclosures made on its website and BloombergQuint’s calculations.This comes after Reliance Retail received requests from its employees holding equity shares for providing them options to exit, according to the company’s disclosures. I...
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