00:00The telecom company of Mukesh Ambani, the richest man in the country and Asia, has come with a big update on Reliance Jio.
00:10Jio is about to take such a step that the world of the share market can take a new turn.
00:15We will tell you in detail about this decision of Reliance in this video.
00:21Mukesh Ambani is preparing to bring his telecom business Jio's IPO by 2025.
00:27According to reports, this IPO of Reliance Industries is expected to be more than $100 billion.
00:34Reliance Group has been more active in the telecom sector for the past few years.
00:39In recent years, Mukesh Ambani has collected a total of $25 billion from companies such as KKR, General Atlantic, and Abu Dhabi Investment Authority for digital, telecom, and retail business.
00:54Due to this, the valuation of both has increased by more than $100 billion.
00:58According to reports, Mukesh Ambani's ownership group is preparing to launch Reliance Jio IPO in 2025.
01:09Reliance believes that it wants to achieve a stable business and revenue flow with 489 million customers to become the country's number one telecom company.
01:21At the same time, a planning is being made to launch Reliance Retail later.
01:26Actually, the company will have to work on the solution of some internal business and operational challenges first.
01:33Let me tell you that no internal decision has been taken on the valuation of Reliance Jio and no election of bankers has been held yet.
01:43But two or three months ago, global brokerage firm Jefferies estimated the valuation of Reliance Jio IPO at around $112 billion.
01:53You must be aware that the share market has recently touched its record level.
01:59By October, a total of 270 companies have launched their initial public offer, i.e. IPO, of which $12.58 billion was raised this year.
02:10Last year, this figure was more than $7.42 billion.
02:14Recently, Korean auto company Hyundai launched its subsidiary Hyundai Motor India IPO in India, which was listed on October 22.
02:24Its listing share in the market was reduced from Rs. 907 to Rs. 29.
02:29At the same time, Reliance Jio's IPO will be even bigger than this.
02:33So are you also waiting for the launch of Reliance Jio IPO?
02:37Then do tell us your opinion in the comment box.
02:39And keep watching GoodReturns for such updates.
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