Mukesh Ambani eyes 2025 Mumbai listing for Jio, Reliance Retail IPO put on hold

Indian billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit’s IPO much later, two people familiar with the matter told Reuters.

Reliance Industries’ boss Ambani hasn’t updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would “move towards” a listing within five years.