Indian billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit's IPO much later, two people familiar with the matter told Reuters.

Reliance Jio has planned an IPO worth $100 bn set for 2025, however Reliance retail may debut much later, claims report.

Reliance Industries has not revised its IPO timeline since Ambani initially hinted in 2019 that both Jio and Reliance Retail could pursue listings within five years

Preparations for the Jio Platforms IPO, potentially India’s largest, have already begun, but bankers for managing the share sale are yet to be appointed.

The report added that Reliance Industries' chief Ambani hasn't updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would "move towards" a listing within five years.

In a major move that could redefine India’s telecom and digital landscape, Mukesh Ambani’s Reliance Jio is preparing to go public by 2025. As India’s largest telecom provider, Reliance Jio is valued at over $100 billion by analysts,

Indian business magnate Mukesh Ambani has set his sights on a 2025 listing for his telecom enterprise Reliance Jio on the stock exchanges, according to a report by Reuters. The IPO of his retail division is slated to follow at a later date.