Jio Delays IPO, Focuses on Growth

  Published 9 months ago

Reliance Jio postpones its $100B+ IPO, aiming to grow revenue and digital services before entering public markets.

  • Jio seeks higher maturity, subscriber growth, and stronger digital expansion before IPO; bankers not yet appointed.
  • Reliance shares fell 1.2%, dragging markets; Jio faces Starlink rivalry and telecom churn post price hikes.
  • Jefferies values Jio at $136B; retail IPO also delayed to 2027–28 amid operational issues and shifting priorities.

You might like these

AIR WATER Targets India Gas Market Boom

Dixon Tech Shares Dip Amid Profit Taking

Govt Tightens Edible Oil Data Rules

Torrent Buys JB Pharma Stake, Plans Merger with KKR Exit

RBI Cuts Rates as Inflation Cools

Germany Seeks EU Funding for AI Data Center

ASICS Boosts India Production, Expands Retail Network

News that matters the most ⚡