Reliance Jio IPO Delayed

  Published 1 year ago

Reliance shares dip after reports that Jio has postponed its much-anticipated IPO, initially planned for this year.

  • Jio IPO delay triggers 1.6% drop in Reliance shares, reversing earlier gains seen before Reuters report.
  • Two sources confirmed Jio will not launch its IPO in 2025, surprising investors and market watchers.
  • Despite the drop, Reliance stock remains up 24% year-to-date, showing overall investor confidence in the company.

You might like these

Infosys Lifts Forecast, Analysts Cheer

Hindustan Zinc Launches Tailings Plant

Eat Better Co & Unicommerce Partnership Boosts E-commerce Growth

Ola Electric Plans Major Fundraise

India's 2025 Monsoon Forecast: Above Normal Rainfall

RBI 2025 Payment Aggregator Rules

India Bond Market Awaits Rate Decision

News that matters the most ⚡