Amid IPO frenzy, Reliance plans public listing of retail, O2C businesses

Depending on the investors' appetite, at least one will be launched in the current financial year, a banker close to the development says

In order to take advantage of the initial public offer (IPO) frenzy in the market, Reliance Industries Limited (RIL) is preparing to launch IPOs of its retail and oil-to-chemicals (O2C) businesses. At least one of the IPOs will hit the market in the current financial year, said a banker close to the development.

Mukesh Ambani, Chairman of Reliance Industries, had earlier indicated potential listing of its telecom arm, Reliance Jio in the annual general meeting with shareholders in order to unlock value in RIL's various businesses.

When contacted, RIL spokesperson did not indicate any timeline for the share sale of