Reliance Jio prepares for IPO in 2025 at $112 billion valuation: Jefferies

Reliance Jio, the telecommunications arm of Reliance Industries Ltd, is reportedly gearing up for a major initial public offering (IPO) slated for 2025. The potential valuation of the IPO could exceed Rs 9.3 trillion, according to investment banking company Jefferies.

The brokerage firm also suggested that Jio might debut with a valuation around $112 billion, potentially contributing a 7 per cent to 15 per cent increase in the share price of Reliance Industries.