Ambani’s $2 Chutzpah Unlocks Another Fortune – BloombergQuint

To see how the excitement is rising once again over a princely $2, consider Reliance’s 30 million square feet of retail space. Each square foot, analysts expect, will garner $2 a day by 2022. On an operating margin of 7%, that translates to  $1.5 billion in earnings before interest, taxes, depreciation and amortization. All Ambani had to do was to convince Silver Lake that this Ebitda is worth 38 times today. And with that, he unlocked the gates to a $57 billion enterprise.