Jefferies reaffirmed a ‘buy’ rating on RIL (Reliance Industries Limited) with a target price of Rs 3,580. They foresee the possibility of Jio, RIL’s subsidiary, going public in calendar year 2025. According to Jefferies, choosing the IPO route could offer better control, although it would require significant retail participation to overcome the holdco discount.
VRL Logistics board to meet on July 4 to consider bonus share issue
VRL Logistics’ board will meet on July 4, 2025, to consider issuing bonus shares to eligible shareholders, with the record date to be announced later.