According to the sources that came from the meeting at 10:30 AM, Reliance Industries Chairman Mukesh Ambani informed shareholders of Reliance Jio Infocomm’s impending initial public offering (IPO) three years after the company entered into the telecom industry in 2016.
Nevertheless, Ambani completed 12 agreements in 2020 after his IPO plans were made public in 2019. These deals led to the sale of more than 25% of Jio Platforms’ equity, the division of digital services that includes the telecom company Reliance Jio Infocomm.
During the meeting, the company revealed that the company’s digital services division had already submitted 1120 patent applications in the industry of digital services all around the globe.
The telecommunications base of Reliance Industries, RIL (Reliance Jio Infocomm) has already received 2.2 billion dollars in funding in the last fiscal year ending in March.
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