Reliance Jio Preparing to Launch IPO, Valuation is More than USD !00 Billion
Billionaire Mukesh Ambani is planning to launch an initial public offering (IPO) of his telecom business Reliance Jio. Analysts have put the valuation of this telecom company at more than 100 billion dollars (about Rs 8,41,090 crore). After this, Reliance Industries (RIL) can also list its retail unit in the stock market. About five years…