Reliance Considering IPO for Retail and Jio, Exploring Business Split
11 May 2022
Reliance Retail present Market Cap is ₹16.5 Lac crores.
Reliance Industries total Market Cap is ₹16.5 Lac Crores.
Retail is one of the 3 core business of Reliance Industries with Jio and Oil business which is doing exceptionally well.
Reliance is in talks of IPO of Retail and Jio and splitting ther 3 core businesses. We would recommend to book profits in Reliance Retail as once business splits, valuation would come down to ensure that other businesses also get proper value.
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