Reliance Industries
India's most valuable diversified conglomerate, with businesses spanning petrochemicals, energy, retail, telecommunications and digital media, controlled by Mukesh Ambani.
Timeline (last 90 days)
Jio, the telecommunications and digital services subsidiary of India's Reliance Industries Group, is seeking to raise about US$3.2 billion through an initial public offering (IPO).
Reliance Industries is India's most valuable conglomerate, with businesses spanning petrochemicals, energy, retail, telecommunications and digital media, among other fields, and is controlled by Mukesh Ambani.
Spinning off and listing Jio is essentially separating the high-growth digital business from the traditional energy main business and letting the capital market price it separately; this path of "parent company incubating, subsidiary listing independently" is not uncommon among large conglomerates.
All Facts (3)
Reliance Industries is India's most valuable conglomerate, with businesses spanning petrochemicals, energy, retail, telecommunications and digital media, among other fields, and is controlled by Mukesh Ambani.
50%UnverifiedSpinning off and listing Jio is essentially separating the high-growth digital business from the traditional energy main business and letting the capital market price it separately; this path of "parent company incubating, subsidiary listing independently" is not uncommon among large conglomerates.
50%UnverifiedJio, the telecommunications and digital services subsidiary of India's Reliance Industries Group, is seeking to raise about US$3.2 billion through an initial public offering (IPO).
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