Mukesh Ambani's RIL may be planning to list Reliance Jio next year

The telecom services provider Jio, part of the Reliance Industries group, is aiming to improve its financial performance

Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is said to be in talks for an initial public offering (IPO) for its mobile operator Jio. According to a Bloomberg report, Reliance is holding internal discussions about preparing to list Jio as early as late 2018 or early 2019. An RIL representative approached by Bloomberg for its report declined to comment.

An opportunity for Jio

Jio, which hasn’t made a profit since its official launch last year, is aiming to improve its financial performance before any share sale, said Bloomberg quoting people close to the development refusing to be named as the information was private.