There is big news for investors waiting for reliance Jio Infocomm's IPO. reliance Jio Infocomm's IPO may come in the year 2025. india and Asia's richest man and reliance Industries Chairman mukesh ambani may bring the initial public offer of his telecommunications company reliance Jio next year i.e. in 2025. According to the news agency Reuters, this information has been received and no official announcement has been made regarding this but crores of investors are waiting for this announcement.
reliance Jio's market value is $ 100 billion
reliance Jio's market value can be around Rs 8.4 lakh crore or $ 100 billion. When its IPO comes, it will be India's biggest IPO. reliance Jio has around 47.9 crore subscribers and it is India's highest subscriber telecom company. The company's main competition is with Bharti Airtel.
5 years of waiting for reliance Jio's IPO
Investors have been waiting for 5 years for the IPO of reliance Jio Infocomm, the largest company providing telephone, broadband services and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital services in India. In fact, mukesh ambani had announced in the Annual General Meeting (Reliance AGM) of reliance Industries in the year 2019 that in the next 5 years he intends to list his telecommunication company and retail company in the stock market.
In what ways can reliance Jio's IPO come?
According to a report by CNBC TV-18, reliance Jio's IPO can come in two ways. In the first method, after separating reliance Jio from reliance Industries through a spin-off, it can be listed in the stock market under the price discovery system. In the second method, the entire IPO can be an offer-for-sale and in this, minority shareholders can sell their stake i.e. part from reliance Jio. reliance Jio will move on the IPO route with 47.9 crore subscribers.
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