Dependency Industries: BofA Securities Bets on Reliance Industries’ ‘Commerce Layer’

After building a ‘digital layer’ (Jio Platforms) on top of the existing ‘physical layer’ of retail stores, Reliance Industries would focus for the next four years on adding a third ‘commerce layer’ and monetizing existing investments, BofA Securities said. RIL is also looking to leverage users’ fingerprint and earn incremental …

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BofA Securities is committed to RIL adding a third ‘layer of commerce’ in the next 4 years

New Delhi: After building a ‘digital layer’ (Jio Platforms) on top of the existing ‘physical layer’ of retail stores, Reliance Industries would focus for the next four years on adding a third ‘commerce layer’ and monetizing existing investments, BofA Securities said. RIL is also looking to leverage users’ fingerprint and …

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