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9 months ago

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Breakingviews - Ambani's finance unit gets credit before it's due

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Breakingviews - Ambani's finance unit gets credit before it's due

Mukesh Ambani's capacity to disrupt India's $2 trillion small loans market is fully priced in. The tycoon's $230 billion Reliance Industries spun off its fledgling financial services unit on Thursday, and investors promptly bid up its value in a special trading session prior to its full listing, handing it a greater-than-expected market capitalisation of $20 billion.

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Breakingviews - Ambani's finance unit gets credit before it's due

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