Reliance Retail crosses 20,000 stores as Jio Platforms files Rs 37,700 cr IPO
At RIL's 49th AGM, Ambani unveiled a Jio Platforms IPO at a $137 bn valuation, Reliance Retail breaching 20,000 stores, and RCPL targeting Rs 1 lakh crore revenue by FY30 from Rs 22,000 crore. AI, satellite broadband and renewable energy round out the multi-pillar push.
At RIL's 49th AGM, Ambani announced Jio Platforms' ~Rs 37,700 crore IPO filing, Reliance Retail crossing 20,000 stores, RCPL targeting Rs 1 lakh crore revenue by FY30, plus AI, satellite broadband and renewable energy expansion plans.