Reliance may break up in 3-4 years with IPOs of Jio, retail business: Bernstein

Reliance may break up in 3-4 years with IPOs of Jio, retail business: Bernstein

The Reliance Industries Ltd. logo is displayed atop the company's gas station in Mumbai, India, on Thursday, July 19, 2012. Photographer: Dhiraj Singh/

Reliance Industries may break up in the next three-four years after the initial public offering of its telecom and retail business segments, which should unlock additional shareholder value, said Bernstein Research.