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 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

Reliance Industries' boss Mukesh Ambani has remained tight-lipped over the listing of Reliance Jio and Reliance Retail, ever since his projection of making the two entities public in July 2019.

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,

In recent years, Ambani, Asia's richest man, raised $25 billion collectively for digital, telecom and retail businesses from the likes of KKR, General Atlantic and Abu Dhabi Investment Authority, valuing both ventures at above $100 billion.

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.

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.