Jio has emerged as an outlier for Reliance. Analysts now view Reliance as a late-stage startup chasing billion-dollar dreams. With telecom, retail and a $2tn green energy bet driving future growth, IPOs could unlock big value
When Mukesh Ambani launched Jio, sceptics were quick to raise doubts. Sure, analysts thought it was a smart move, but eyebrows shot up at the jaw-dropping ₹70,000 crore rollout plan to blanket 5,000 towns and over 2 lakh villages in 4G.