BofA Securities bets on RIL adding third 'layer of commerce' in next 4 years2 min read 07 Sep 2020, 04:41 PM IST
Over the next 3-5 years, RIL is expected to have 500 mn mobile users, offer broadband services to 20-25 mn households, and cater to 12-15 mn small businesses
By working with the kiranas, RIL would likely increase its B2B sales as well, says BofA
New Delhi: After building a 'digital layer' (Jio Platforms) on top of the existing 'physical layer' of retail shops, Reliance Industries would over the next four years focus on adding a third 'layer of commerce' and monetize the existing investments, BofA Securities said.
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