Reliance Jio Gets a Valuation Cut from Analysts: Report
Reliance Jio, India's largest telecom operator, has received a valuation cut from the analysts. This is because of the lower revenue flow through post tariff hikes than expected. Jio's revenue increase post tariff hikes is estimated to peak at 13% while for Airtel, it is 17%. Jio's underperformance (in expectations) has reduced its valuation from $117 billion to $111 billion. Reliance Industries Limited (RIL) has been looking to list Jio... Read More