India's richest person Mukesh Ambani is finalising plans for the IPO of Reliance Industries' telecom arm, Reliance Jio Infocomm, The Hindu Business Line reported. Expected in the second half of 2025, the size of the offer will be in the range of ₹35,000-40,000 crore. It will be India's biggest-ever offering, overtaking Hyundai India's ₹27,870 crore IPO from October 2024.