While there has been discussion of a stock market listing of India’s Reliance Jio since 2019, reports suggest that a listing is now on the close horizon. The clues of an IPO have been gathering in recent months, as Reliance Jio increased tariffs and started to monetize its market-leading position. A particularly smooth transition into raising ARPUs and rolling out 5G Standalone means the operator looks ready to cooly lead the country’s largest ever IPO, valued at $112 billion by one estimate. Reliance Jio is a division of Reliance Industries Ltd (RIL), the giant conglomerate run by Mukesh Ambani, which has roots in the industrial sector. Ambani believes that the telco, India’s largest, has reached a level of stability and…