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RIL likely to launch Jio IPO at valuation of $100 bn next yr
The Morning Standard
|November 05, 2024
BILLIONAIRE Mukesh Ambani led Reliance Industries Ltd (RIL) likely to launch the initial public offering (IPO) for its telecom arm, Jio Infocomm, next year, while the IPO for its retail venture, Reliance Retail, may be launched at a later date.
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As per a report based on sources, Jio's IPO will be launched at a valuation of more than $100 billion.
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