Telecom major Reliance Jio's IPO will be a 'mega event': CLSA

Reliance Jio's much-awaited IPO is poised to be a mega event in the telecom sector, financial services firm CLSA has asserted.

- TDG NETWORK

With a strong subscriber base of over 500 million 4G/5G subscribers, Jio holds 42 per cent of the market share; it has a strong growth potential going ahead.

On August 29, Reliance Industries Chairman and Managing Director Mukesh Ambani announced that Jio will file for its much-awaited initial public offering (IPO), with plans to list by the first half of 2026. It would, however, be subject to necessary approvals, he said.

Against that backdrop, CLSA has put out an exhaustive report underlining Reliance Jio's achievements over the past decade.