Reliance Jio IPO likely to hit market in ’25

Reliance Industries Chairman and Managing Director Mukesh Ambani is aiming to list the group’s telecom business, Jio, next year, Reuters reported on Monday citing two people in the know.

According to the news report, Jio is valued by analysts at over USD 100 billion.

The report said that the conglomerate planned to launch its retail unit’s IPO “much later”. The report added that Reliance Industries’ chief Ambani hadn’t updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would “move towards” a listing within five years.