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Indian billionaire Mukesh Ambani is planning a 2025 Mumbai listing for his telecom business Jio, valued at over $100 billion, while delaying the IPO of his retail unit. The move has significant implications for investors and India’s equity markets, with Reliance aiming for the largest stock offering in the country. Ambani’s ventures have attracted substantial investments, making the IPOs crucial for the future of Reliance.
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