億萬(wàn)富翁穆凱什·安巴尼朝著為印度打造電商巨頭的目標(biāo)又邁進(jìn)了一步：他宣布計(jì)劃成立一家價(jià)值240億美元的數(shù)字服務(wù)類控股公司，該公司將成為他主宰印度互聯(lián)網(wǎng)購(gòu)物的主要工具。

安巴尼的公司信實(shí)工業(yè)（Reliance Industries）的董事會(huì)批準(zhǔn)了一項(xiàng)提案，同意向該全資子公司投資1.08萬(wàn)億盧比（150億美元），該公司將把這筆資金轉(zhuǎn)投給集團(tuán)旗下的電信企業(yè)Reliance Jio Infocomm。信實(shí)工業(yè)于10月25日表示，Jio公司目前擁有6500億盧比（92億美元）資本，這一系列的資本轉(zhuǎn)移將讓Jio在2020年3月前基本實(shí)現(xiàn)零債務(wù)。

亞洲首富的這一舉動(dòng)，說(shuō)明這家石化集團(tuán)未來(lái)將把增長(zhǎng)重心轉(zhuǎn)向數(shù)據(jù)和數(shù)字服務(wù)；該集團(tuán)正在打造一個(gè)在線平臺(tái)，在印度國(guó)內(nèi)和亞馬遜（Amazon）以及沃爾瑪（Walmart）的Flipkart Online Services Pvt.等同類服務(wù)開(kāi)展競(jìng)爭(zhēng)。安巴尼于今年8月向股東表示，包括零售在內(nèi)的新業(yè)務(wù)未來(lái)幾年可能會(huì)為信實(shí)貢獻(xiàn)一半的收益，目前這一比例約為32%。

有了這家新的控股公司，安巴尼也在為首次公開(kāi)募股（IPO）做準(zhǔn)備，他誓要在五年內(nèi)完成IPO。自2016年Jio推出4G網(wǎng)絡(luò)以來(lái)，該公司已經(jīng)以逾3.5億的用戶數(shù)量躍居印度首位。安巴尼還一直開(kāi)展收購(gòu)和股權(quán)收購(gòu)，以建立合作伙伴網(wǎng)絡(luò)，為他的電子商務(wù)計(jì)劃奠定基礎(chǔ)。

“由于我們的數(shù)字生態(tài)系統(tǒng)覆蓋范圍廣、規(guī)模大，已經(jīng)有潛在戰(zhàn)略合作伙伴向我們表達(dá)了強(qiáng)烈興趣?！卑舶湍嵩谝环萋暶髦斜硎?，“我們將為平臺(tái)公司引入合適的合作伙伴，為信實(shí)工業(yè)的股東創(chuàng)造并釋放重要價(jià)值?！?/p>

信實(shí)工業(yè)可能效仿阿里巴巴集團(tuán)（Alibaba Group Holdings）和Alphabet的模式，通過(guò)非強(qiáng)制性可轉(zhuǎn)換優(yōu)先股的方式向這家控股公司注資。信實(shí)工業(yè)稱，該部門將獲得母公司對(duì)Jio的6500億盧比的股權(quán)投資。

在股權(quán)注入后，Jio公司將把價(jià)值1.08萬(wàn)億盧比的債務(wù)轉(zhuǎn)移到母公司的一個(gè)子公司，這樣Jio除了和電視有關(guān)的債務(wù)就幾乎零負(fù)債。

精簡(jiǎn)結(jié)構(gòu)

花旗集團(tuán)（Citigroup）在一份研究報(bào)告中表示：“Jio重組資本結(jié)構(gòu)的目的是，將所有數(shù)字資產(chǎn)整合到一個(gè)實(shí)體之下，減少該實(shí)體的債務(wù)并精簡(jiǎn)結(jié)構(gòu)，以提高其吸引力，最終實(shí)現(xiàn)貨幣化。”

1999年，英語(yǔ)教師馬云白手起家創(chuàng)建阿里巴巴；現(xiàn)在，安巴尼正利用自己工業(yè)帝國(guó)的影響力，通過(guò)連接零售商和消費(fèi)者，為印度打造類似的企業(yè)。市值4540億美元的阿里巴巴公布，在截至今年3月的一年中，企業(yè)利潤(rùn)達(dá)130億美元，營(yíng)收560億美元。這家中國(guó)巨頭的擴(kuò)張已經(jīng)將夫妻店囊括在內(nèi)，這也是安巴尼希望加以開(kāi)拓的一個(gè)重要領(lǐng)域。

今年以來(lái)，信實(shí)工業(yè)的股價(jià)上漲了28%，而標(biāo)普孟買交易所敏感指數(shù)（S&P BSE Sensex index）僅上漲了8.8%。該股目前股價(jià)接近歷史高點(diǎn)，10月29日印度假期結(jié)束后恢復(fù)交易。

安巴尼在今年8月表示，信實(shí)工業(yè)已經(jīng)為Jio斥資近500億美元, Jio以免費(fèi)電話和平價(jià)數(shù)據(jù)殺入市場(chǎng)，迫使一些競(jìng)爭(zhēng)對(duì)手退出或合并，撼動(dòng)了整個(gè)行業(yè)。

首席財(cái)務(wù)官斯里坎斯在10月初表示，截至9月30日，Jio的債務(wù)約為8400億盧比。截至9月，該公司該季度的獨(dú)立利潤(rùn)為99億盧比，營(yíng)收為1235.4億盧比。

根據(jù)彭博億萬(wàn)富翁指數(shù)，這位富豪的凈資產(chǎn)約為560億美元。他還透露，計(jì)劃將信實(shí)集團(tuán)20%的石油和化工業(yè)務(wù)以750億美元的企業(yè)價(jià)值出售給沙特阿拉伯石油公司（Saudi Arabian oil Co.）。近幾年，安巴尼在新業(yè)務(wù)上花了幾十億美元，他目前正在清理母公司的資產(chǎn)負(fù)債表，目標(biāo)是讓它在不到兩年的時(shí)間里實(shí)現(xiàn)零負(fù)債凈額。（財(cái)富中文網(wǎng)）

譯者：Agatha

Billionaire Mukesh Ambani moved a step closer to creating an e-commerce giant for India, unveiling plans to set up a $24 billion digital-services holding company that would become the main vehicle in his ambition to dominate the country’s internet shopping space.

The board of Ambani’s Reliance Industries approved a proposal to plow 1.08 trillion rupees ($15 billion) into the fully owned subsidiary, which will in turn invest that amount in Reliance Jio Infocomm, the conglomerate’s telecommunications venture. A series of capital transfers would make Jio, which already has capital of 650 billion rupees ($9.2 billion), almost debt free by March 2020, the parent said Oct. 25.

The move by Asia’s richest man is the latest sign of the oil-to-petrochemicals group’s pivot toward data and digital services for future growth, as it builds an online platform to take on the likes of Amazon and Walmart’s Flipkart Online Services Pvt. in India. Ambani told shareholders in August that the new businesses, including retail, are likely to contribute half of Reliance’s earnings in a few years, versus about 32% now.

With the new holding firm, Ambani is also readying the businesses for an initial public offering, which he has vowed to complete within five years. Since Jio’s 4G network rolled out in 2016, the carrier has vaulted to the top in India with more than 350 million users. Ambani has also been stitching together a network of partners through acquisitions and stake purchases to build a backbone for his e-commerce plans.

“Given the reach and scale of our digital ecosystem, we have received strong interest from potential strategic partners,” Ambani said in a statement. “We will induct the right partners in our platform company, creating and unlocking meaningful value for RIL shareholders.”

Reliance Industries will invest the money in the holding company—likely on the lines of Alibaba Group Holdings and Alphabet—through optionally convertible preference shares. The unit will acquire the parent’s equity investment of 650 billion rupees in Jio, according to Reliance Industries.

Following the equity infusion, Reliance Jio will transfer liabilities worth 1.08 trillion rupees to a subsidiary of the parent, turning Jio almost debt free, excluding airwave-related liabilities.

Streamlining Structure

“The reorganization of Jio’s capital structure is intended at consolidating all digital assets under one entity, reducing debt at this entity and streamlining the structure to make it attractive for eventual monetization,” Citigroup said in a research report.

While former English teacher Jack Ma started Alibaba in 1999 from scratch, Ambani is using the heft of his empire to build something similar for India by connecting retailers and consumers. Alibaba, whose market value is $454 billion, reported a profit of $13 billion in the year to March, on a revenue of $56 billion. The Chinese giant’s expansion has included mom-and-pop shops—a key segment Ambani is also seeking to tap.

Shares of Reliance Industries have rallied 28% this year, compared with an 8.8% gain in the benchmark S&P BSE Sensex index. The stock, near an all-time high, resumed trading on October 29 when India returns from a holiday.

Ambani said in August that Reliance Industries has spent almost $50 billion on Jio, whose entry with free calls and cheap data pushed some rivals to exit or merge in a consolidation that shook up the industry.

Jio’s debt stood at about 840 billion rupees as on Sept. 30, Chief Financial Officer V. Srikanth said earlier October. It had a stand-alone profit of 9.9 billion rupees for the quarter through September on revenue of 123.54 billion rupees.

The tycoon, whose net worth is about $56 billion as per the Bloomberg Billionaires Index, has also revealed a plan to sell 20% of Reliance’s oil and chemicals business to Saudi Arabian Oil Co. at an enterprise value of $75 billion. After years of spending billions of dollars on the new businesses, Ambani is cleaning up the parent’s balance sheet, with the goal of making it free of net debt in less than two years.