Jio won’t have been possible without RIL’s family-backed management: Damodaran

Mumbai: Aswath Damodaran, often referred to as the Dean of Valuation, says Reliance Industries’ Jio Platforms is a good example on how a unit could be nurtured in a family-backed company. He says it would not have been possible in any different environment.

“Jio is the classic example how a family group can do well to nurture something in the company. That could not have survived in a company, where stockholders may be demanding actions and returns in the near term,” he said in a webinar conducted by TedXGateway late on Wednesday.

Launched in 2016, Jio is now the country’s largest telco with 388 million subscribers.