RIL’s new arm for digital initiatives could facilitate early monetisation

Our Bureau Updated - October 28, 2019 at 05:19 PM.

Reliance Industries Ltd ’s move to set up a wholly-owned subsidiary for its digital initiatives, with a capital infusion of ₹1.73-lakh crore, could facilitate early monetisation in the new company.

“Coming after Reliance Jio Infocomm’s (RJio) capex cycle easing down, this debt-free structure could facilitate early monetisation including inducting strategic and financial investors in Jio Platforms Ltd (JPL),” according to a note by Emkay Global.

In his AGM, RIL had mentioned of interests from potential partners.

“Both JPL and RJio would be debt-free, in line with its global technology peers. RJio will only have spectrum-related liabilities (₹25,000 crore), CPs (₹23,000 crore) and some working capital liabilities,” it added.

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Published on October 28, 2019 11:48