**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 reports. This move has the potential to set a new record for the largest-ever IPO in India.

A formal process to move forward with the IPO is expected to begin 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 in the upcoming IPO, which could raise more than $6 billion. This would significantly surpass the previous record held by Hyundai Motor India Ltd., whose 2024 IPO raised $3.3 billion.

Mukesh Ambani, RIL’s billionaire chairman, had previously indicated that the Jio listing could take place in the first half of 2026.

### About Jio

Reliance Jio Infocomm Limited is the largest wireless carrier in India, boasting around 500 million subscribers. While discussions about the IPO are still in early stages, details such as the size and timing remain subject to change.

A spokesperson for Reliance has yet to comment on these developments.

Stay tuned for updates on this groundbreaking IPO in the coming months.
https://www.newsbytesapp.com/news/business/reliance-initiates-informal-talks-for-jio-ipo/story