November 4, 2024 5:07 PM

Reliance Jio IPO expected to launch in Indian stock market by 2025: report

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, is reportedly aiming to list the group's telecom business, Jio, in the Indian stock market next year. According to a report by Reuters, which cites two informed sources, Jio is currently valued by analysts at over USD 100 billion. The report indicates that while the IPO for Reliance Jio is in the pipeline, the launch of the retail unit's IPO is anticipated to occur "much later." Ambani has not updated the IPO timelines since ...