News > RIL’s JIO IPO expected to hit markets this year, says CLS

RIL’s JIO IPO expected to hit markets this year, says CLS

Calendar 2022 is likely to see the much-awaited listing of Reliance Industries’ (RIL’s) telecom unit, Jio, an event that could be a potential telecom sector catalyst, CLSA said.

CLSA values Jio’s mobile business at $99 billion EV (enterprise value) at 11.5x EV/Ebitda and includes $5 billion EV for JioFiber -- the home broadband business.