Is Jio worth 20% more than its IPO valuation? 👀
💰 Deven Choksey of DRChoksey Finserv tells CNBC-Awaaz: ₹12 lakh crore is fair value vs the ₹10 lakh crore ask, backed by 18% EBITDA CAGR & strong free cash flow
📈 Expects Jio to announce a dividend policy from April 1, possibly distributing at least 50% of free cash flow
#DRChokseyFinserv #JioIPO #JioPlatformsIPO #IPOIndia #Jio #Reliance #Dividend #IPO #StockMarket #CNBCTV18Digital
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