Jio Platforms IPO at $4bn fresh issue; Nuvama warns RIL holders face holdco discount drag
Reliance unveiled a ~Rs 37,500 crore Jio Platforms IPO at AGM, valuing the unit near Rs 12 lakh crore EV. Brokerage targets cluster Rs 1,655-1,765 on RIL, but Nuvama flags holding-company discount capping upside. Retail listing, Reliance Intelligence AI ramp and new-energy remain the next re-rating triggers.
Reliance announced Jio Platforms IPO at AGM, targeting ~$4bn fresh issue. Brokerages flag holding-company discount limiting RIL shareholder gains, but cite potential Reliance Retail listing, AI/Reliance Intelligence ramp, and new-energy business as next value-creation catalysts.