KR Choksey: RIL AGM 2020 - Key Takeaways

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..KR Choksey Report.Reliance Industries raised Rs 2,12,809 crore through Rights Issue, combined investments in Jio Platforms, and investment by British Petroleum. Five years ago, the EBITDA was solely driven by energy and materials business. Presently, it is comparatively diversified with exponential growth in consumer and technology business. Reliance is a zero net-debt company with strong balance sheet that will support growth plans for its three hyper-growth engines i.e. Jio, Retail and O2C.The company has entered into strategic partnership with Facebook, Google and Microsoft. Marquee global investors like Silver Lake, Vista Equity Partners, General Atlantic, KKR and TPG have also invested in the company and have shown faith in its technology and growth enterprises. Google has signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7% stake in Jio Platforms. Global digital players like Qualcomm and Intel will work with Reliance to develop new products for India..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

KR Choksey: RIL AGM 2020 - Key Takeaways

KR Choksey: RIL AGM 2020- Key Takeaways

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