Expect RIL-Aramco deal to happen by end of this year: Deven R Choksey
Jio will be a very strong candidate as far as generating a higher amount of cash flow is concerned, says MD, KR Choksey Investment Managers.
What are you making of the latest feather in the cap for Jio?
It is continuing from where they started and this is the fourth deal. More importantly, the amount of money is being collected from some of the very strategic and focussed investors. They have been investing with a good amount of strategic companies and as a result they bring a lot of value as far as the business is concerned.
More importantly, in Jio’s platform there are different verticals like finance, ecommerce, healthcare, education, entertainment, etc and with this kind of varied experience, investors coming in bring a lot of strategic value and a lot of connections along with. So I would consider that the best way to possibly have finance. A strategic partnership could possibly help the company going forward when two years down the line if they go listed, they probably find themselves in a better place from a valuation perspective as far as Reliance’s investors are concerned.
