Mumbai/IBNS: Reliance Industries Ltd. (RIL) plans to take Jio Platforms Ltd., its telecommunications subsidiary, public in 2025, Reuters reported, citing sources familiar with the matter.

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.

Reliance Industries appears to be preparing for a major milestone by planning the initial public offering (IPO) of its telecom arm, Jio, in 2025. Analysts estimate the valuation of Jio at over $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.