Reliance Industries may launch a Jio IPO next year. According to a report, telecom company Jio has announced the launch of an IPO in 2025.
” Mukesh Ambani has set a target to launch his telecom business Jio IPO at a valuation of $100 billion. At the same time, it may take more time to bring the IPO of the retail unit.” Let us tell you, that Reliance Industries has not yet made any official announcement regarding the dates of Jio IPO.
Jio IPO may be launched by 2025,
Reuters has reported in its report that two sources have said that Reliance is preparing to launch Jio’s IPO in 2025. Jio’s management believes that the business and revenue have now become stable. At the same time, there is a possibility of some changes in the retail business in the coming years. In such a situation, the IPO of Reliance Retail can come after 2025.
How is the financial condition of Reliance Jio?
The company’s net profit in the second quarter of the current financial year was Rs 6539 crore. Which is 14.76 percent more on an annual basis. The company’s revenue was Rs 31,709 crore in the second quarter of the current financial year.
How is the financial condition of Reliance Jio? The company’s net profit in the second quarter of the current financial year was Rs 6539 crore. Which is 14.76 percent more on an annual basis. The company’s revenue was Rs 31,709 crore in the second quarter of the current financial year.
