Google plan to unlock RIL wealth

Reliance Industries Ltd’s (RIL) bold move to create a holding company on the lines of Alibaba Holdings or Google’s Alphabet Inc could fetch huge returns to the company, with analysts saying the new digital services platform will become increasingly attractive to potential investors.

Market circles are also not ruling out the possibility of this new subsidiary being listed at a later stage.

RIL chairman & managing director Mukesh D. Ambani had told shareholders at the annual general meeting (AGM) in August that it will induct “leading global partners” in Reliance Retail and Jio over the next few quarters and move towards the listing of these companies within the next five years.