Jio IPO Likely by October End at Over ₹12 Trillion Valuation
· Business · Business Standard
Reliance Industries is reportedly preparing for the initial public offering of its telecom arm, Jio, by the end of October. The public issue is expected to value the digital and telecom services provider at upwards of ₹12 trillion. The offering marks a significant milestone for India's telecommunications sector as Jio seeks to unlock value for its parent conglomerate. Specific details regarding the exact share allocation, pricing, and issue size remain under final review by company leadership. Market analysts anticipate further announcements as Reliance finalises the regulatory paperwork.
Why it matters
A high-valuation IPO from India's largest telecom operator will test domestic capital market depth and provide a massive liquidity event for Reliance Industries and its investors.
Read the original report — Business Standard
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.