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Reliance Industries Bites Its Own Bullet

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India’s most valued company – Reliance Industries Ltd. – has managed to attract investors to buy a stake in its telecom, retail and tower assets, but failed to get interest for its fibre assets. We take a look at what this could mean for Reliance plans for Jio's profitability and its indebtedness.

According to the final placement document filed with SEBI, Reliance Industries’ wholly-owned subsidiaries – Reliance Industrial Investments and Holdings Ltd. (RIIHL) and Reliance Projects & Property Management Services Ltd. (RPPMSL) – will be buying 59% of the units while the remaining will be acquired by RIL’s . . .

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