Reliance Jio IPO: There is big news for investors waiting for the IPO of Reliance Jio Infocomm. The IPO of Reliance Jio Infocomm may come in the year 2025. Mukesh Ambani, the richest man in India and Asia and chairman of Reliance Industries, can launch the initial public offering of his telecommunication company Reliance Jio in the next year i.e. 2025. According to the news of news agency Reuters, this information has been received and no official announcement has been made yet but crores of investors are waiting for this announcement.
Reliance Jio Market value of 100 billion dollars
The market value of Reliance Jio could be around Rs 8.4 lakh crore or $100 billion. When its IPO comes, it will be India’s biggest IPO. Reliance Jio has about 47.9 crore subscribers and is the telecom company with the largest number of subscribers in India. The main competition of the company is with Bharti Airtel.
Waiting for Reliance Jio IPO for 5 years
Investors have been waiting for the IPO of Reliance Jio Infocomm, the largest company providing telephone, broadband services and digital services in India, for 5 years. In fact, Mukesh Ambani had announced in the Annual General Meeting (Reliance AGM) of Reliance Industries in the year 2019 that he intends to list his telecommunication company and retail company in the stock market in the next 5 years.
In what ways can Reliance Jio’s IPO come?
According to the report of CNBC TV-18, Reliance Jio’s IPO can come in two ways. In this, under the first method, after being separated from Reliance Industries through spin-off, Reliance Jio can be listed in the stock market under the price discovery system. In the other way, the entire IPO can be an offer-for-sale and in this the minority shareholders can sell their stake from Reliance Jio. Reliance Jio will grow on IPO route with 47.9 crore subscribers
What is the update regarding the IPO of Reliance Retail Ventures?
It was expected that along with the IPO of Reliance Jio, the IPO of Reliance Retail Ventures Limited (RRVL) will also come. However, the IPO of Reliance Retail may not come with Reliance Jio but next year. Actually, after resolving some selected operational issues of Reliance Retail, its IPO will hit the Indian market.
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