Shares of Reliance Industries slipped 1.52% following reports that its much-anticipated IPOs for Jio Platforms and Reliance Retail won’t take place in 2025. As of 2:37 PM, the shares were trading 1.49% lower at Rs 1,514.70.
According to a Reuters report, Jio has chosen to delay its listing to focus on boosting revenue and expanding its user base, aiming for a stronger valuation.
Currently valued at over $100 billion, Jio earns nearly 80% of its $17.6 billion in revenue from telecom, but is rapidly diversifying into digital services, AI, and connected tech. The company is also gearing up to compete with Elon Musk’s Starlink in India.
As per the same report, sources, who declined to be named due to the confidential nature of the strategy, also revealed that Reliance has not yet appointed any bankers to discuss a potential stock market offering.
Backed by Google, Meta, and working with Nvidia on AI infrastructure, Jio is positioning itself as a full-scale digital player. Reliance has not commented on the IPO delay report.
Reliance Industries shares opened at ₹1,536.70 on Tuesday, hitting an intraday high of ₹1,551.00 and a low of ₹1,511.90. The stock remains close to its 52-week high of ₹1,605.85, while the 52-week low stands at ₹1,114.85.
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