Will financial business demeger bring a “Deja vu” moment for RIL shareholders?
RIL announced the demerger of its financial services business into Reliance Strategic Investments, which will be renamed Jio Financial Services and listed on the stock exchanges. Nuvama values the demerged financial services business at Rs 1 lakh crore or Rs 168 a share, which is 5% of the some-of-the-parts valuation of RIL.
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