RIL has more monetization opportunities: Sushil Choksey

How are you analyzing RIL’s rights issue? Do you think it is purely aimed at debt reduction?
It is certainly a measure which Reliance is preparing to not only increase promoters holding but also to reduce their debt which is indicative at March level. It is in the vicinity of Rs 1.60 lakh crore to Rs 1.65 lakh crore, and they aim to reduce it somewhere in the vicinity by Rs 50,000 crore by doing this rights issue. It may be in my estimate one for ten, which would amount to approximately Rs 800-900 to raise; depending on the number of shares, it will be anywhere in the range of Rs 45,000-55,000 crore.

What about the Facebook transaction? How did you analyze that?
I think it is a very big positive. You are already seeing that the number of users which Facebook and WhatsApp has globally and has a big impact on the domestic consumer base of India. So the first indicative commercial service in terms of utilization of WhatsApp and related customer base with Jio, kirana stores support service by each manager is indicated, which means they are empowering the