India: Mukesh Ambani's RIL to plan Jio IPO after $31b spending spree

India: Mukesh Ambani's RIL to plan Jio IPO after $31b spending spree

Mukesh Ambani. Photographer: Simon Dawson/Bloomberg

RIL chairman Mukesh Ambani is weighing an initial public offering (IPO) of mobile operator Reliance Jio Infocomm Ltd, people with knowledge of the matter said, after a $31 billion investment spree that roiled the country’s wireless market.

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