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Reliance Retail and Reliance JIO to list in next 5 years – 13.08.2019

Reliance Industries is aiming to list its consumer businesses Reliance Jio and retail arm Reliance Retail in the next five years.

Chairman Mukesh Ambani told the company’s 42nd annual general meeting that the two verticals to would soon be bringing in 50 percent of the group’s consolidated EBITDA.

Addressing shareholders, Ambani said, “We have received strong interest from strategic and financial investors in our consumer businesses. We will induct leading global partners in these businesses in the next few quarters, and move towards listing both these companies in the next five years

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