How Jio is unlocking hidden value for Reliance shareholders
Analysts expect the Jio Platforms listing to trigger a re-rating of Reliance Industries shares, with a holding company discount of 20-25%.

Analysts expect the Jio Platforms listing to trigger a re-rating of Reliance Industries shares, with a holding company discount of 20-25%.
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Investors in diversified conglomerates often grapple with what is known as the holding-company discount: the tendency for markets to value a parent company at less than the combined worth of its individual businesses. Reliance Industries Ltd (RIL) is a case in point, with its massive oil-to-chemicals business, digital powerhouse and sprawling retail operations all housed under one corporate umbrella.
About the Authors
Abhinaba writes deep-dive analytical stories on financial markets, corporate India and the economy. After finishing his post-graduation in finance from King’s College London, he moved into journalism three years ago with a goal to “simplify finance for all”. From tracking macroeconomic shifts and dissecting company fundamentals to decoding market sentiment, he connects the dots through data-driven storytelling, helping readers see the bigger picture.<br><br>Abhinaba writes across sectors and asset classes, analysing IPOs, decoding moves in precious metals and crude oil, and unpacking trends across public and private markets.
Collaborating across beats, he aims to be Mint’s “jack of all trades”. More recently, he has also experimented with new storytelling formats, including crisp video explainers for Mint’s YouTube channel.<br><br>Across formats and topics, his goal remains the same: telling nuanced, insight-rich stories for his readers. When not writing, Abhinaba unwinds by cycling through the streets of Bandra in Mumbai, in search of fresh air and clearer thoughts.
On quieter days, he turns to yoga, his preferred antidote to volatile markets, proving that while markets rarely find balance, at least the body occasionally can.
Niti Kiran is a Deputy Editor at Mint with over a decade of expertise in corporate and market research. She specializes in uncovering the subtle corporate and market trends that others may miss, driven by a career-long fascination with the stories hidden within the numbers. Her journey began at the Centre for Monitoring Indian Economy (CMIE), where she first developed the rigorous analytical lens that has come to define her reporting.
Niti is a data specialist who excels at spotting trends, with her precision rooted in an academic background in mathematics and a Master’s in business finance. Her ‘hands-on’ approach to storytelling is supported by extensive experience across institutional databases, allowing her to extract actionable insights with precision. This technical foundation enables her to transform raw data into insightful, high-impact data journalism that has earned her consistent editorial recognition.
Beyond the terminal and the newsroom, she finds balance by spending quality time with her family and exploring her interest in diverse cuisines—approaching the world of culinary flavours with the same keen eye for detail she brings to her market analysis.
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Source: Mint Markets
Disclaimer: This article is for general information and does not constitute investment, tax or legal advice. Markets and rates change; please verify with official sources or a qualified professional before you act.


