Reliance can explore reorganising company to list subsidiaries: Report

Billionaire Mukesh Ambani’s Reliance Industries Ltd can explore reorganisation of the company into three independent entities for different business verticals as it prepares to list subsidiaries and induct next-generation of founding family into key roles, a report said.

This, a report by Kotak Institutional Equities, would help prevent any holding company discount in Reliance as and when its subsidiaries list, prepare for eventual management change and preclude inter-linkages between entities as and when they become independent, listed entities.

India’s most valuable company has three distinct businesses — oil refining and petrochemicals business house in oil-to-chemicals (O2C) unit, digital business including telecom and retail.