Reliance Is Said to Hold Talks With Banks for Record Jio IPO
Reliance Industries Ltd. is in discussions with banks about the potential initial public offering (IPO) of its subsidiary, Reliance Jio Infocomm Ltd. This potential IPO could surpass the record for the largest IPO in India's history. Reliance Jio, a telecom operator, has become a dominant player in the Indian market since its launch in 2016. The company has rapidly expanded its subscriber base, making it an attractive investment opportunity. The details of the IPO, including the timeline and the amount to be raised, are still under consideration. However, the move is seen as a way for Reliance Industries to unlock the value of its telecom business and potentially raise funds for further expansion. The potential Jio IPO comes at a time when the Indian stock market has been performing well, making it an opportune moment for the company to tap into investor interest and raise capital.
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