Jio’s IPO timeline not deliberated on so far: Networks President

Reliance Jio, currently the country’s most profitable telecom firm is yet to decide on a timeline for its initial public offer (IPO), company President Mathew Oomen said on Tuesday.
“There are market forces. Based on market forces and on timelines, we will continue to deliberate, we have so far not deliberated a specific timeline for the IPO”, Reliance Jio President (Networks) Mathew Oomen told IANS.
Jio is a subsidiary of the billionaire Mukesh Ambani-led energy-to-retail major Reliance Industries Ltd (RIL).
There have been several reports of Jio being listed over the next 2-3 years, with parent RIL said to be considering an IPO.