Akshata Sharma
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Mukesh Ambani's Reliance Jio may launch a mega IPO next year, with a potential valuation of more than Rs 9.3 lakh crore, Moneycontrol reported, citing a Jefferies note.
Jio 'could list at $112 billion valuation' and add '7-15% upside' to the Reliance Industries share price, Jefferies said.
Notably, the entire IPO could be an offer for sale by minority shareholders. RIL could look to spin off Jio and list it after a price discovery, the brokerage said, adding that both domestic and foreign investors appear to favour the spin-off route for Jio listing.
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