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Reliance Jio IPO: RIL could list telecom arm by 2025 at $112 bn valuation, says Jefferies
Reliance Jio, backed by Mukesh Ambani's Reliance Industries Ltd (RIL), could go public next year at a valuation of $112 billion, according to global brokerage firm Jefferies. The brokerage's optimistic outlook hinges on Jio's recent tariff …