Reliance Jio IPO: Jio is bringing the country's biggest IPO, valuation can be up to Rs. lakh crores
Reliance Jio IPO : Telecom company Reliance Jio, owned by world famous industrialist Mukesh Ambani, can bring the country's biggest IPO (initial public offering) next year. According to Jefferies, the company is worth Rs 9.40 lakh crore. However, the date and size of the issue have not been decided yet.
Read :- Pushpa 2 The Rule Advance Booking: Allu Arjun-Rashmika's film made a splash in advance booking in US, brought a storm at the box office.
Reliance Industries Chairman Mukesh Ambani had said in 2019 that he would list Jio and its retail business on the stock exchange in five years. On this basis, the IPO of Jio and Reliance Retail may come by 2025, although there may be some delay in the IPO of retail.
Ambani recently raised $25 billion from global investors like KKR, General Atlantic and Abu Dhabi Investment Authority for digital, retail and telecom businesses. At that time the valuation of the companies was estimated at $ 100 billion.
Reliance Jio, with about 48 crore customers, is the country's largest telecom company. If Jio launches its Starlink-like internet service in India, it will be in direct competition with Elon Musk's Starlink. Apart from this, Jio also has the support of big companies like Google and Meta. Recently, Reliance has also taken the step of developing Artificial Intelligence Infrastructure in partnership with Nvidia.
Comments are closed.