Reliance files Jio DRHP; Motilal, Jefferies, Nomura see up to 28% upside
At its AGM, Reliance filed Jio Platforms' DRHP with SEBI targeting an end-2026 listing, while outlining growth across retail manufacturing/exports, RCPL consumer brands, energy and AI. Jefferies, Nomura and Motilal Oswal reiterated 'Buy', with targets up to Rs 1,675 (28% upside) and Jio valued at Rs 11-12 trillion.
At its AGM, Reliance filed Jio Platforms' DRHP with SEBI targeting an end-2026 listing, while outlining growth across retail (manufacturing/exports), RCPL consumer brands, energy and AI. Jefferies, Nomura and Motilal Oswal reiterated 'Buy' with up to 28% upside.