Bloomberg: Reliance in Talks with Banks for Jio IPO

Reliance Industries Ltd. has reportedly begun preliminary discussions with banks regarding a potential listing of its Reliance Jio Infocomm Ltd. unit, according to Bloomberg.com. While details surrounding the scope, valuation, and timeline of a possible initial public offering (IPO) remain limited, this development signals a potentially significant move for both Reliance Jio and the broader telecommunications sector, hinting at future capital market activity.