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BofA gives Ambani’s Jio Platforms a $100 billion-plus valuation
Bank of America has pinned a $107 billion valuation tag on Mukesh Ambani's Jio Platforms, valuing the Indian telecoms and digital conglomerate 64.6% Bank of America has pinned a $107 billion valuation tag on Mukesh Ambani's Jio Platforms.
In 2020, Jio Platforms raised over $20 billion from a series of investments by companies like Meta, Google, Silver Lake, Vista Equity Partners and others. In August, Ambani said he will lead Reliance Industries for five more years and mentor his children to take the $211 billion Indian oil-to-telecom giant to greater heights of growth and value in the decades ahead. “On enterprise business we see three areas where Jio Platforms could capitalize on: government contracts, SMEs and corporates (by offering VAS),” BofA added.
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