Mukesh Ambani, Asia's richest industrialist, chairman of Reliance Industries and owner of India's largest telecom company Jio, is finalizing one deal after another. Reliance Jio has so far received an investment of about 70 thousand crores. According to the latest information, Jio is now going to be listed abroad. Meaning, preparations for Jio's overseas IPO listing are going on.
Preparation of IPO
According to Bloomberg report, Jio Platforms Limited plans to issue IPO (Initial Public Offering) outside India. Jio platforms include Reliance Group's digital asset and wireless business Reliance Jio Infocomm. Mukesh Ambani aims to make this company the largest e-commerce company and payment operator.
According to the information so far, the public offering can be completed in the next 12-24 months. Where the listing will be, how many shares will be put in the market, how much fund the company wants to collect through it, at the moment there is no specific information about these things.
India is a very big market which is closely followed by Amazon, Walmart, Google's parent company Alphabet. Mukesh Ambani has also said that he will bring revolutionary changes in the world of e-commerce through Geo Mart. Facebook's investment and deal with it is a big success in this direction.