JIO DELAYS IPO, LISTING NOT ON CARDS THIS YEAR

Indian telecom and digital giant Reliance Jio Platforms, led by billionaire Mukesh Ambani, has decided not to launch its initial public offering (IPO) this year as planned, delaying one of the country’s most anticipated stock offerings, two people familiar with the matter said.

- Reuters

Valued by analysts at over $100 billion, Jio wants to achieve higher revenues and a bigger subscriber base for its telecom business, and expand its other digital offerings, so that its valuation can rise further before an