Reliance Jio IPO: Listing likely in 2025 at $112 billion valuation, says Jefferies

Investors anticipate the impending Reliance Jio IPO as billionaire Mukesh Ambani remains tight-lipped. The recent telecom tariff hike is seen as a precursor to this long-awaited event. Jefferies, a global investment banking firm, suggests that the high-profile listing could materialize in 2025, valuing Jio at $112 billion.