**Reliance Begins Talks with Banks for Jio IPO**

*By Akash Pandey | Oct 03, 2025, 06:43 PM*

Reliance Industries Limited (RIL) has initiated informal discussions with banks regarding a potential initial public offering (IPO) of its subsidiary, Reliance Jio Infocomm Limited, according to Bloomberg. This move could set a new benchmark by becoming India’s largest-ever IPO.

A formal process for the IPO is expected to commence by the end of this month, with RIL likely to officially appoint investment bankers in November.

**Financial Prospects**

Reliance plans to sell only 5% of Jio during the IPO, which could raise more than $6 billion. This figure would significantly surpass the previous record of $3.3 billion raised by Hyundai Motor India Ltd.’s IPO in 2024.

Mukesh Ambani, billionaire chairman of RIL, had earlier indicated that the Jio listing might occur in the first half of 2026.

**About Jio**

Reliance Jio Infocomm Limited is India’s largest wireless carrier, boasting approximately 500 million subscribers. The ongoing discussions about the IPO are still in the early stages, and details such as the size and timing of the offering may change.

A spokesperson for Reliance has not yet commented on these developments.
https://www.newsbytesapp.com/news/business/reliance-initiates-informal-talks-for-jio-ipo/story