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Grey market sees 'Future' in Reliance Retail

Grey market sees 'Future' in Reliance Retail
Grey market sees 'Future' in Reliance Retail
The current market cap of Future Retail is Rs 5,801 crore, while that of Avenue Supermarts, the holding company of DMart, is Rs 1.4 lakh crore.

Synopsis

So, if investment bankers are reasonably correct with their ballpark estimates, the retailing business at Reliance has more than doubled in value this year; the shares were estimated to fetch Rs 500 apiece in December.

Mumbai: As the deal buzz with Future Group reaches a crescendo, shares of Reliance Retail are hitting dizzying valuations — albeit in the unlisted market. Shares of Reliance Retail are trading between Rs 1,225 and Rs 1,250 apiece: That would value the retailing arm at India’s biggest company north of Rs 6 lakh crore.The current market capitalisation of Reliance Industries is Rs 13.5 lakh crore, while the equity value assigned to Reliance Jio is
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