RJio plans ₹40,000 crore IPO at $120 billion valuation

Reliance Jio, a subsidiary of Reliance Industries, is planning an IPO valued at INR 40,000 crore, with a valuation of $120 billion. The IPO is expected to be one of the largest in India's telecom sector, as Jio looks to raise capital to expand its broadband and digital services. The company’s market leadership in the telecom industry, combined with its aggressive expansion into new business verticals, makes this IPO highly anticipated. Jio’s extensive customer base and technological innovations are expected to attract significant investor interest, positioning it for continued growth.