Why Reliance is restructuring Jio

I am not sure if the restructuring plan of Reliance is ethical or legal. They plan to make Jio debt free by shifting it's debts to RIL. The intention is to make Jio more attractive for investment. Even if the board of directors approve the resolution, how will it benefit the RIL investors? What if the RIL fail, due to whatever reason? Saudi ARAMCO was keen on investing in the petrochemical arm of the conglomerate. But now they have a second thought about it. The danger is, if more and more big business houses follow this model, we will many loss making divisions being preped to die for the sake of the "favorite" one.

Mr Mukesh Ambani’s second inning in Telecom is a world example. People with political minds may give credit to their political strength or money power; but it’s their visionary approach and great understanding of future technology. I have studied and observed their execution very closely. Every action of theirs have been simply superb. Besides creating a world class and highly profitable business for themselves; Reliance has created digital revolution in the country which Govt wouldn’t have achieved after spending 10 times the money and time.