Mukesh Ambani’s Next Move Could Change the Game for Every Indian – Are You Ready?

New Delhi (The Uttam Hindu): Reliance Industries Limited, led by billionaire Mukesh Ambani, is reportedly planning to launch the IPO of its telecom unit, Jio Infocomm, sometime next year. The estimated value of the IPO is around ₹52,000 crore, making it potentially the largest public issue in Indian history. If it goes through, it could surpass Hyundai India's record ₹28,000 crore IPO.

According to Bloomberg, Reliance has started discussions with the Securities and Exchange Board of India (SEBI) to sell around 5% of its stake in Jio.

Reports suggest the IPO will not be launched in 2025. Reliance is working to further grow Jio's digital services and subscriber base to increase the company's valuation before going public. This would help in ensuring a stronger market debut and potentially higher returns.

Investors are looking forward to Reliance’s upcoming Annual General Meeting (AGM), expected in August. There is speculation that an official announcement related to the Jio IPO could be made during this event. Meanwhile, brokerage firm Macquarie has given Reliance an “outperform” rating with a target price of ₹1,580.