Ambani’s Reliance Jio delays India IPO beyond this year: Report

NEW DELHI/SYDNEY (Reuters) -Indian telecoms and digital giant Reliance Jio Platforms, led by billionaire Mukesh Ambani, has decided not to launch its planned IPO this year, delaying one of the country’s most anticipated stock offerings, two people familiar with the matter said.

Valued by analysts at more than $100 billion, Jio wants to achieve higher revenue and a bigger subscriber base for its telecoms business while expanding its other digital offerings to boost its valuation before an initial public offering, one of the sources said.