Jio Hits Pause Button on IPO Plan, 2025 Listing Unlikely

Reliance Jio has decided not to launch the IPO this year as planned, delaying one of the country's most anticipated stock offerings, two sources said.

- ADITYA KALRA & SCOTT MURDOCH

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 the IPO, said the first source in describing the rationale for the delay. Shares of its parent conglomerate Reliance Industries fell 1.3% to close at ₹1,519.05 on the