Raising $15 billion through 11 deals over three-months in a normal environment is impressive for any company. But, doing it during a global pandemic when stock markets are fluctuating, confidence in investing is low and the effects of said pandemic on an emerging market country like India are not yet fully known, is unprecedented and quite a testament to the potential of both the company, and the market as a whole.
“Deal making is both an art and a science, and Reliance Industries seems to have mastered it better than anyone else…it’s hard to find a parallel to this anywhere else in the world,” Sanchit Vir Gogia, CEO of digital advisory company Greyhound Research, said in an analyst note.
Gogia predicted Jio Platforms, with Facebook’s help, will now look to leverage technology and capitalise on other assets within the Reliance Industries moniker and offer “omni-channel retail”, across a number of areas, including pharmaceuticals, electronics, fashion and lifestyle.
“This is not a digital opportunity alone. This is a hybrid opportunity, where Reliance Industries will marry its prowess in both domains,” he said.Mobile World Live
P.S.: For more information on the recent investments, value that each investor brings to Jio Platforms, engagement with Microsoft, impact on Bharti Airtel, and the challenges the company can expect, read this research report by Greyhound Research.
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