Bankers Said to See Reliance’s Jio Value as High as $170 Billion

Investment bankers are proposing a valuation of as much as $170 billion for Jio Platforms Ltd., according to people familiar with the matter, ahead of what could be a record-breaking...

By Sanjai P R, Baiju Kalesh, Julia Fioretti · Bloomberg Markets

Investment bankers are proposing a valuation of as much as $170 billion for Jio Platforms Ltd., according to people familiar with the matter, ahead of what could be a record-breaking initial public offering for Reliance Industries Ltd.’s wireless carrier.