Jio IPO may be pegged at over $6 bn; listing expected in Q2 or Q3 of 2025
Business Standard|November 06, 2024
Reliance Retail could be valued between $125 bn and $150 bn at the time of IPO
NIVEDITA MOOKERJI
Jio IPO may be pegged at over $6 bn; listing expected in Q2 or Q3 of 2025

Reliance Jio, the telecom business of the Mukesh Ambani-promoted conglomerate, is expected to go for an initial public offering (IPO) of over $6.25 billion either in the second or the third quarter of the calendar year 2025, sources said. Reliance Retail is likely to be listed around the same time with a short gap, it is learnt. The timing of the two IPOs, however, will depend on the company's assessment of the market conditions among other factors.

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