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Mukesh Ambani's Jio Infocomm may see public listing first, says report

Livemint · 1y

According to a report by the Hindu Businessline, there are discussions within Reliance Industries about which business will go public first. It is likely that Reliance Jio Infocomm, the telecom subsidiary, will be the first to make its debut on the public markets. Top officials reportedly view Jio as a more "mature" business. The potential IPO is estimated to have a valuation of around $100 billion, with an expected share price of ₹1,200 per share. Jio's recent focus on 5G and the opportunity for investors to exit are influencing this decision.