Reliance may list Jio at $112 billion valuation next year, Jefferies says

Reliance Industries, India’s most valuable company, may consider spinning off its telecom arm Jio for a public listing as early as 2025, Jefferies said in a research note, with investors favouring this route over an initial public offering. The move follows Jio’s recent focus on monetisation and market share gains, signaled by its leading role […]
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