A deal like this amid global debt concerns good for RIL’s valuation: Jal Irani

Let us talk about this mega digital deal that has happened. What kind of a benchmark does it set in terms of valuations for a possible listing of Reliance Jio and even for the overall company at large; if you could give your assessment?

First of all, on the valuations itself; our value for the entire Jio business was $41 billion. This is clearly about 30-40% higher at $57 billion. So especially in these very difficult times, it is actually good valuations. Now for the entire company, you must recognise two things. For doing transactions like this, there is a value trigger which happens, which was even demonstrated in 2005-2006 under similar conditions; not only in this part of the business but in the sort of businesses being spun out in the refinery business there was a value creation.