After five back to back deals in a month's time from global investors worth over $10 billion into Jio platforms, source with knowledge on the development said RIL is working with banks for overseas listing of its digital and wireless arm.
Further the conglomerate led by Mukesh Ambani is aiming for an IPO for the company's Jio Platforms which can come up in the next 1 to 2 years. Though, the venue of its listing has not been decided as of now. Also, no decision has been taken on its issue size as well as timeline.
As per sources the overseas listing could enable existing investors in the company take an exit route, while the digital business might attain a higher valuation.
Jio Platforms integrates the company's digital products and Reliance Jio Infocomm into a holding company with an aim to become a leading e-commerce and payments company in the country.