Any idea wht is Reliancedoing with huge amount of borrowing on its book , Amount of interest paid on borrowing is also big, At the same time they have good reserves .
Can anyone tell why company will borrow so much when they have reserves , refer highlighted section?
âJioBook will run on the JioOS operating system, the sources said, adding that some of Microsoftâs apps will also be available. It will use Qualcomm chips based on technology from Arm Ltd, they addedâ.
Reliance has been developing and fostering a vibrant digital led-financial services platform
through various digital applications. Reliance has developed best-in class applications
having high customer engagement metrics and differentiated value propositions in their
respective categories. The current footprint touches more than 20 million consumers.
JFS plans to launch consumer and merchant lending business based on proprietary data analytics to complement and supplement the traditional credit bureau-based underwriting.
JFS will continue to evaluate organic growth, joint-venture partnerships as well as inorganic
opportunities in insurance, asset management and digital broking segments.
RIL is transferring 41.28cr shares (held by RIIH on behalf of RIL) to Jio financial, on the current market prices it is worth 1Lak Cr.
Jio Financial demerger rationale could be an aggressive expansion of the financial services division without hampering the debt profile of the consolidated entity & the RBI rule of mandatory listing on exchanges post crossing a networth of 500cr.
It is very interesting to note Piramal enterprise after their pharma demerger, became a pure play financial services company.
Ajay Piramal confirmed that Anand Piramal is involved in the financial services business & will be heading it after him.
Piramal Finance has a large presence across financial services which could take years to build for Jio Financials.
-Speculation: Since Anand Piramal is the son-in-law of Mukesh Ambani, There is a decent chance that Jio Financial & Piramal Finance could merge.
On a price-to-book multiple of 3x & considering the networth to be about 1lakcr, JIO financial could probably be valued at 3lakcr.
Nice infographic about Reliance (Mukesh Ambaniâs) conglomerate. It is not complete but quite exhaustive.
âFrom food to gadgets to sports, explore how the business empire of one of the worldâs richest men touches the everyday lives of millions in India.â
Isnât it time we started concentrating on Reliance Retail as distinct from Reliance? It has 15,196 Retail Stores, 41.6 Million Sqft of Retail Area, serves 7,000 Cities, and employs 3,60,000 people. https://relianceretail.com/key-facts.html
While the Avenue Supermart share has closed at âš3,439.00, the Reliance Retail share is being hawked at âš2600 to âš2750 or so as unlisted. Of course any input about any reliable web-sites from where one may buy unlisted share also would be welcome.
I am invested Reliance Retail. A token testing investment.
âReliance remains a great way to play the long-term themes of rising share of organised retail and e-commerce, digital and technology penetration through Jio and its focus on new energy,â the research house said in a Jan. 31 note. âThe IPO of Jio and retail could be big triggers to play out within 24 months.â
i was reading about this very interesting battery tech. ambri
and i can see Reliance has invested in this business
and looks like they have stated â2023 - Initial deliveries of commercial systems.â ⌠where can i find more info as to how/when Reliance is going to start using it ⌠BTW looks very promising
