look news india
Reliance Jio IPO : Reliance Industries Chairman and Managing Director Mukesh Ambani is preparing to launch an IPO of his telecom business Jio by 2025. According to the report of news agency Reuters, this IPO of Reliance Industries is worth more than 100 billion dollars. Two sources related to the case have given this information.
When will Reliance Retail's IPO come?
Let us tell you that in 2019, Reliance Industries owner Mukesh Ambani had said that IPO of Reliance Jio and Reliance Retail will be brought within 5 years. Along with the update on Jio, sources also said that Reliance is planning to start its retail business after the IPO. No timeline has been shared by the company yet regarding this.
Why bring IPO
Reuters said in its report that Reliance has now planned to launch Reliance Jio IPO in 2025. The company believes that it has achieved a stable business and revenue flow to become the No. 1 telecom company in India. But a source told Reuters that Reliance Retail's IPO is not expected to come after 2025.