At $100 billion-plus valuation, Reliance Retail bigger than FMCG giants ITC, HUL
Calculations done by global brokerage firm JPMorgan sees Reliance Retail’s enterprise value at $112 billion and implied equity value at $102 billion. UBS has valued it at $110 billion, Bernstein at $111 billion while domestic brokerage JM Financial’s estimate is at $105 billion.
