Why are retail arm deals failing to give extra lift to RIL stock?

Mukesh Ambani, who has just been named the richest Indian in the Hurun Rich List for the ninth year running, cracked marquee deals to raise around Rs 1,52,056 crore from key investors, who included tech majors Google and Facebook, by selling over 33 per cent stake in Jio Platforms. This was touted as the world’s largest fundraising exercise.