Mukesh Ambani's RIL mulls Reliance Jio IPO by 2019

Jio is targeting to improve its financial performance before any share sale, the people said, asking not to be identified

India’s richest man is weighing an initial public offering (IPO) of mobile operator Reliance Jio Infocomm, people with knowledge of the matter said, after a $31-billion investment spree that roiled the country’s wireless market.

Reliance Industries, the conglomerate backed by tycoon Mukesh Ambani, is holding internal discussions about preparing to list Jio as soon as late 2018 or early 2019, according to the people. Jio, which hasn’t made a profit since its official launch last year, is targeting to improve its financial performance before any share sale, the people said, asking not to be identified. 

A Jio listing would cap a triumphant