Indian billionaire Mukesh Ambani plans to launch the IPO for his telecom business Jio in 2025 with a target valuation of over $100 billion. Ambani, who hasn't updated his IPO timelines since 2019, has successfully raised $25 billion from investors for his digital, telecom, and retail ventures in recent years. However, the IPO for his retail unit is not expected until after 2025 as the company needs to address some internal business and operational challenges.
Reliance Jio IPO: Ambitious Plans for a Mega Listing
Reliance Industries Limited (RIL), headed by Indian business magnate Mukesh Ambani, has ambitious plans to launch the initial public offering (IPO) of its telecom subsidiary, Reliance Jio, in 2025. The IPO is expected to value the company at over $100 billion, making it one of the largest public offerings in history.
Background
Reliance Jio was launched in 2016 and quickly became India's largest telecom operator, disrupting the market with its affordable data plans and high-speed connectivity. The company has over 400 million subscribers and generates significant revenue from mobile services, broadband, and digital content.
In 2019, Ambani announced plans to list Jio on the stock exchange in 2020. However, the IPO was delayed due to concerns related to the COVID-19 pandemic and regulatory approvals.
Latest Updates
Recently, Ambani revealed that Jio's IPO is now targeted for 2025. He also stated that the company has successfully raised $25 billion from investors in recent years for its various digital, telecom, and retail ventures.
However, the IPO for Reliance's retail unit, Reliance Retail, is not expected until after 2025, as the company addresses some internal business and operational challenges.
Top 5 FAQs
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Conclusion
Reliance Jio's IPO is a highly anticipated event that could create a significant impact on the Indian stock market. The company's dominant position in the telecom sector, coupled with its growing digital and retail businesses, makes it an attractive investment opportunity. However, investors should be mindful of the potential risks associated with any IPO, including market volatility and the company's ability to execute its growth plans.
According to sources, Mukesh Ambani, the chairman and managing director of Reliance Industries, has set a target to list the group's telecom business, Jio, next year with a valuation of over USD 100 billion. The conglomerate also plans to launch the IPO of its retail unit at a later time. Ambani had previously announced a timeline of five years for Reliance Jio and Reliance Retail to go public, but the company has now firmed up plans to launch the Jio IPO in 2025, indicating confidence in its stable business and revenue stream as India's top telecom player.
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After raising $25 billion from top investors, Mukesh Ambani's Reliance Jio is planning to go public with an estimated IPO valuation of $112 billion, surpassing Hyundai India's earlier record. The telecom giant, which currently boasts a subscriber count of 479 million, plans to list its retail and telecom units separately. While Jio is expected to go public in 2025, the retail arm's IPO is likely to follow at a later date due to operational challenges. The company is also increasing its competitive edge with partnerships and collaborations in the tech sector.
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