Does Jio come under RIL stock?

Does Jio come under RIL stock?

In November 2019, the subsidiary was named Jio Platforms. The ₹1.08 trillion (US$14 billion) liability of Jio was transferred to RIL and in turn RIL received preferential shares of Jio Platforms.

Does Jio have IPO?

Global brokerage firm believes that Reliance Industries subsidiary Jio Platforms may go for an IPO sometime in 2021., This after they raised a record $20/bn by selling stake in JIO to a clutch of global marquee investors right in the middle of the worst pandemic we have seen in decades.

What will happen if Jio is listed?

RIL in it’s AGM in 2019 had indicated that Jio will be listed in five years or by 2024. Once Jio is hived off it would be listed and RIL shareholders will be given Jio shares in ratio decided by the company’s merchant bankers and the financial authority SEBI. RIL share would correct suitably.

When did Reliance go public?

1977
On 8 May 1973, it became Reliance Industries Limited. In 1975, the company expanded its business into textiles, with “Vimal” becoming its major brand in later years. The company held its Initial public offering (IPO) in 1977.

What is the stock name of Jio?

Reliance Jio Infocomm Ltd Live Stock Price , 840rjil18b Live Share Price, 952487 | BSE.

Can I buy Reliance share?

That is unlikely to change because our O2C value is on a reasonable 7.5 to 8 times closer to about $60-65 billion and therefore we will not really be building in that premium that people were implying as far as Aramco deal is concerned,” says Probal Sen, Senior V-P, Research, Centrum Broking.

Is Reliance Jio set for IPO?

MUMBAI: Reliance Industries Ltd (RIL) is exploring an initial public offering (IPO) for its Reliance Jio Infocomm unit in the latter half of 2020 at the earliest, according to people familiar with the matter.

Is Reliance Industries (RIL) a good investment in 2020?

Reliance Industries (RIL) was among the major newsmakers of 2020 – with big-ticket stake sales in Jio Platforms and Reliance Retail, a mega-rights issue and many acquisitions. Not just the company, the RIL stock too was much in the news with a heady roller-coaster ride over the year.

When will the telco IPO happen?

Multiple meetings have taken place over the last month or so among company executives. “Since regulatory guidelines state that the telco can be listed after three years of financial reporting, the IPO cannot come before March 2020.

Will RIL benefit from RBI’s New Working Group on Banking?

It could position RIL to benefit from the recent suggestion of an RBI internal working group to allow large corporate and industrial houses to own banks. RIL already has a tie-up with SBI in Jio Payments Bank and holds 70 per cent in this venture.