Corporate Grapevine     

Published: July 15, 2024
Updated: July 15, 2024

Bofors redux for Hindujas!

As the annual general meeting of shareholders of Reliance Industries draws nearer, rumours of Reliance listing its telecom business are gaining ground. Shareholders are expecting group patriarch Mukesh Ambani to make announcements about the listing of the Jio as well as Retail businesses.

Both companies are doing well and are expected to be listed in the next one year. Jio Telecom will be listed first, say bankers, followed by the retail business. The valuation of both businesses has doubled since 2020 when private equities, led by global marquee firms like KKR and Blackstone, made investments in them. Jeffries, a global brokerage firm, has valued RIL’s telecom business at $112 billion. When listed, it would be one of the biggest paydays for the private equity companies.

August 15, 2024 - First Issue

Industry Review

VOL XVI - 01
August 01-15, 2024

Formerly Fortune India Managing Editor Deven Malkan Assistant Editor A.K. Batha President Bhupendra Shah Circulation Executive Warren Sequeira Art Director Prakash S. Acharekar Graphic Designer Madhukar Thakur Investment Analysis CI Research Bureau Anvicon Research DD Research Bureau Manager (Special Projects) Bhagwan Bhosale Editorial Associates New Delhi Ranjana Arora Bureau Chief Kolkata Anirbahn Chawdhory Gujarat Pranav Brahmbhatt Bureau Cheif Mobile: 098251-49108 Bangalore Jaya Padmanabhan Bureau Chief Chennai S Gururajan Bureau Chief (Tamil Nadu) Ludhiana Ajitkumar Vijh Bhubaneshwar Braja Bandhu Behera

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