Jio IPO hits a roadblock: RIL says listing unlikely this year
Reliance Jio Platforms, the telecom and digital arm of Mukesh Ambani-led Reliance Industries, has put its much-anticipated IPO plans on hold, as per a report by Reuters. Sources informed Reuters that the company has not yet appointed bankers to initiate the process and to discuss a potential stock market offering.
The IPO was seen as one of India’s most anticipated public listings, with analysts estimating the firm’s valuation to be well over $100 billion.
