New Delhi: Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, is planning to list the group’s telecom business, Jio, on the stock market in 2025, according to a report by Reuters citing sources familiar with the matter.
The report states that Jio, which has grown to become India’s leading telecom operator, is valued at over USD 100 billion by analysts. Ambani’s decision to take Jio public comes after the company has achieved what it sees as a stable business model and a strong revenue stream. The telecom giant has firmly established itself as the number one player in India's telecom sector, which experts say makes 2025 an ideal time to go public.
Ambani had previously mentioned in 2019 that both Jio and Reliance Retail would move towards listing within five years. However, while Jio’s IPO is now set for 2025, the retail business is unlikely to go public until after that timeframe, according to the sources cited in the report.
Reliance Industries has not publicly commented on the plans, as per Reuters. The news comes amid a thriving stock market in India, where numerous companies have listed their shares and made significant gains.
The Jio IPO is expected to be one of the biggest in India, with a reported valuation of USD 112 billion, based on a July analysis by Jefferies. As India's stock market continues to boom, many companies are looking to raise capital through IPOs, and Jio's potential listing would be a landmark event for the Indian corporate landscape.
For Reliance, a successful IPO would provide significant capital to further fuel its expansion and business ventures. However, despite the optimism around Jio, Reliance’s retail business is expected to remain private for the time being, with IPO plans potentially delayed until after 2025.
In sum, while Jio’s IPO is poised to take center stage in 2025, Reliance Industries’ retail arm may not follow suit until a later date, signaling the company’s careful approach to managing its various business segments.
Mukesh Ambani’s Reliance Jio is gearing up for an initial public offering (IPO) in 2025, potentially valued at over $100 billion. Analysts expect this move could boost Reliance Industries’ stock by 7-15%. However, the company’s retail business is not expected to go public until much later, signaling that Ambani may be staggering these high-profile listings to maximize returns and market impact. The IPO structure could either involve a direct listing or a spin-off, similar to the approach with Jio Financial Services earlier this year .