Reliance Jio IPO: Listing plans advancing steadily, says Mukesh Ambani
Reliance Jio is advancing towards its IPO listing, with Chairman Mukesh Ambani stating that the listing will be a key step in the company's growth journey. Jio reported steady growth in the March quarter, with ARPU at ₹214 and its subscriber base expanding to 524.4 million.
Reliance Jio is advancing towards its IPO listing. Chairman Mukesh Ambani stated that the listing will be a key step in the company's growth journey. Jio continues to see strong traction across mobility, home broadband, and enterprise services. The company reported steady growth in the March quarter, with ARPU at ₹214 and its subscriber base expanding to 524.4 million. Analysts are currently ascribing a valuation of $150 billion to $160 billion to Jio. The market is also watching for clarity on tariff hikes, which are widely expected given the structure of the telecom industry.
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