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PE firms such as Vista Equity Partners, KKR, PIF, Silver Lake, L Catterton, General Atlantic and TPG had made investments in the domestic telecom operator in 2020. ....
Reliance Jio: Mukesh Ambani-led Reliance Industries holds a 67% stake in Jio Platforms Ltd (JPL), which houses Reliance’s telecom and digital properties. Out of the balance 33%, 18% is held by strategic investors Meta and Google, while PE investors collectively own the remaining around 15%. JPL has already raised over Rs 1.52 lakh crore from these marquee global investors. ....
Jio Ipo: "BUY-rated Reliance Industries holds 67% of RJio and valuation is 60% higher than the 33% stake from the 2020 sale that raised US$20bn. We also expect RJio’s planned IPO to serve as a further catalyst for BUY-rated Bharti stock," CLSA analyst Deepti Chaturvedi said. ....
"BUY-rated Reliance Industries holds 67% of RJio and valuation is 60% higher than the 33% stake from the 2020 sale that raised US$20bn. We also expect RJios planned IPO to serve as a further catalyst for BUY-rated Bharti stock," CLSA analyst Deepti Chaturvedi said. ....
RJio IPO: CLSA said with a likely RJio IPO ahead, which the RIL management talked of in 2019 would be a rerating catalyst for Bharti. Its target of Rs 1,110 for Bharti Airtel translates to 10 times EV/Ebitda for India operations.