Ambani lines up Jio IPO in what could be India's largest-ever float
Reliance is preparing to list its Jio telecoms arm in a blockbuster IPO that would reset the parent's capital structure. Read-through: fresh firepower for Reliance Retail's store rollout, private-label push and acquisition appetite once Jio cash unlocks at the holdco level.
Mukesh Ambani is preparing to float Reliance Industries' Jio telecoms arm in what is expected to be India's largest-ever IPO, a parent-level capital event with read-through implications for Reliance Retail's funding and expansion firepower.