Reliance Jio IPO likely to happen next year, Here to know full story
The stock price of Jio Financial Services is trading at 252.15, up by 1.57% as of 1 February 2024.
![Reliance Jio IPO likely to happen next year, Here to know full story](https://www.psuconnect.in/sdsdsd/jio1.jpg)
Reliance Jio Infocomm is likely to announce its initial public offering in the next financial year as it is presumed that global private equity firms may exit their investments in the telecom sector.
Mukesh Ambani-led Reliance Industries holds a 67% stake in Jio Platforms Ltd [JPL] which encompasses Reliance’s telecom and digital properties. Jio’s Q3FY24 ARPU was standing at Rs 181.70 via a higher proportion of JioBharat phone adoption and free 5G data and 4G data packs. The telecom distributor concluded its pan-India 5G rollout and has acquired around 90 million 5G users to likely increase focus on monetization of its 5G services by driving adoption and upscaling its enterprise offerings along with Jio-AirFiber 5 G-based fixed wireless access [FWA] service.
Read Also : R.K. Chaudhary, CMD, NHPC met Chowna Mein, Hon’ble Dy. CM, Arunachal PradeshThe listing is estimated to make up more reliable to higher tariffs in 2024 to boost its growth as lower tariff hikes would impede the FY26 forecast of Jio’s EBITDA margin by 22% to $7.6 billion to settle down its valuation.
Read Also : State Coal Minister inaugurates new solar plant at CCL’s Piparwar AreaThe analytics is based on delivering around 25% growth in operating income like earnings before interest, tax, depreciation, and amortization [EBITDA] over the fiscal year 2024-26 to $9.7 billion yet it is eventually based upon expectations of a 20% tariff hike in next half of fiscal year.
The stock price of Jio Financial Services is trading at 252.15, up by 1.57% as of 1 February 2024.
Read Also : WAPCOS CMD met Safarzoda Manuchehr Bakhodur Hon’ble Deputy Minister of Energy and Water ResourcesNews Must Read
- Petroleum Minister Hardeep S Puri Highlights India’s Bioenergy Progress
- NBCC bags orders worth Rs. 182.50 Crore
- OMCs increases price of 19 kg commercial LPG cylinder by Rs 39
- HUDCO Issues Record Date For Dividend, Shares Rise 118% YTD
- NTPC Bongaigaon to Support TB Eradication Efforts; Partners with District Administration, Kokrajhar
- Solar Energy Corporation of India Ltd (SECI) attains Navratna Status
- Dr D K Sunil Takes Over as CMD (Additional Charge) of HAL
- DVC bags Champions Trophy for Corporate Sustainability at XLRI, Jamshedpur
- Minister Pralhad Joshi Visits IREDA Office, Reviews Company’s Strategic Growth Plan
- HAL Selects SAFHAL Helicopter Engines to Develop and Produce ‘Aravalli’ Engines