Reliance Jio, with over 40 crores subscribers, is one of the largest telecom service providers in the world. While the retail business of Reliance Industries- Reliance Retail sells groceries, apparel, footwear, and consumer electronics and has nearly 14,500 stores across India. Now, as per the reports, Reliance Industries is planning to come up with the Initial Public Offering (IPO) of its both Retail and Telecom business in the coming period. So, let’s discuss the news reports of the expected IPO of Reliance Retail and Jio in this article as we move ahead.
Expected IPO of Reliance Retail and Reliance Jio:
What Should Investors Do?
The IPO of Reliance Retail and Reliance Jio could be one of the biggest IPO after Paytm and LIC. These IPO of Retail and Telecom businesses might provide a huge unlocking opportunity to the shareholders of Reliance Industries in the coming period. It is expected that Reliance Industries will announce the IPOs of Reliance Retail and Reliance Jio at the next AGM (Annual General Meeting). Hence one should closely watch this counter and should keep this stock on their radar.
Disclaimer: The information here is provided for reference purposes only and should not be misconstrued as investment advice. Under no circumstances does this information represent are commendation to buy or sell stocks or MF.
Originally Published On:https://blog.investyadnya.in/reliance-industries-plans-for-the-biggest-ipo-in-india-in-2022/