Jio Platforms IPO Delay Expected Amid Geopolitical Tensions
Jio IPO may slip to second half of FY27 on geopolitical risks: Report
Business Standard
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Reliance Industries' planned IPO for its digital arm, Jio Platforms, may be postponed to the second half of fiscal year 2027 due to geopolitical risks in West Asia, according to CreditSights. The IPO, which aims to raise approximately $4 billion (₹37,500 crore), is crucial for funding debt repayment and enhancing competitiveness against rivals.
- 01Jio Platforms' IPO may be delayed to the second half of FY27 due to geopolitical tensions.
- 02The IPO aims to raise about $4 billion (₹37,500 crore) by selling a stake of 2.5-3%.
- 03Reliance's revenue and EBITDA grew by 10% and 8% year-on-year, respectively, in FY26.
- 04Capital expenditure is expected to rise to ₹1.5-1.6 trillion in FY27, focused on petrochemicals and renewable energy.
- 05Retail and telecom sectors are projected to drive growth, with potential tariff hikes in FY27.
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Reliance Industries' anticipated IPO for Jio Platforms could be delayed until the second half of fiscal year 2027, primarily due to rising geopolitical tensions in West Asia, as reported by CreditSights. The IPO, which aims to raise approximately $4 billion (₹37,500 crore) by selling a 2.5-3% stake, is seen as essential for funding debt repayment and enhancing Jio's competitiveness against rivals like Bharti Airtel and Vodafone Idea. In the fiscal year 2026 (FY26), Reliance reported a 10% increase in revenue and an 8% rise in EBITDA, with strong performance from its retail and telecom segments. Looking ahead, the company plans to increase capital expenditure to ₹1.5-1.6 trillion in FY27, focusing on expansions in petrochemicals, renewable energy, and data centers. The management also indicated that retail and telecom sectors would remain key growth drivers, with potential tariff hikes expected in the second half of FY27.
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The delay in the Jio IPO may affect Reliance's ability to repay debts and invest in expansion, potentially impacting its competitive position in the telecom and retail sectors.
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