Jio Platforms IPO: Reliance said to start work on draft prospectus for India’s biggest IPO
Reliance Industries has begun drafting a prospectus for Jio Platforms' initial public offering, aiming to make it India's largest ever. The company is in preliminary talks with banks, with the formal process expected after new IPO rules are implemented. This move could see Jio raise billions, potentially valuing it at up to $170 billion.
Synopsis
Reliance Industries has begun drafting a prospectus for Jio Platforms' initial public offering, aiming to make it India's largest ever. The company is in preliminary talks with banks, with the formal process expected after new IPO rules are implemented. This move could see Jio raise billions, potentially valuing it at up to $170 billion.
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