Reliance Jio IPO likely next year, when global PEs may exit investments

Kolkata: Reliance Jio Infocomm is likely to make its initial public offering in the next calendar year, when global private equity firms may look to exit their investment in the telecom unit of Reliance Industries, say analysts.

PE firms such as Vista Equity Partners, KKR, PIF, Silver Lake, L Catterton, General Atlantic and TPG had made investments in the domestic telecom operator in 2020.