Market News / Story
Key facts: Motilal Oswal values Jio Rs11L; Merey crude to Reliance
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Discussion of an IPO for Jio’s telecom, digital, cloud, 5G and AI units could provide independent price discovery and influence Reliance Industries Ltd Sponsored GDR 144A (RELIANCE) valuation. Motilal Oswal values Jio Platforms at ~Rs 11 lakh crore, valuing RELIANCE’s 66.48% stake at ~Rs 7.45 lakh crore. After a 25% holding discount, implied value is Rs 413 per RIL share. RELIANCE set to receive Venezuelan Merey crude shipments in late October, routed to Sikka for…