Jio Eyes Navratri-Diwali Window for $4 Billion IPO Launch
· Business · Economic Times
Jio Platforms, the digital and telecom arm of Mukesh Ambani's Reliance Industries, is preparing to launch an estimated $4 billion initial public offering by late October or early November. The company received approval from the Securities and Exchange Board of India on August 28 after filing draft papers in June. Bankers estimate the share sale could raise roughly Rs 37,800 crore, making it India's largest public issue to date. Jio plans to finalise exact dates within the next two weeks before beginning three weeks of international roadshows followed by two weeks of domestic presentations. The potential launch window aligns with the Navratri festival or Diwali celebrations.
Why it matters
The planned $4 billion offering represents India's largest initial public offering to date, marking a major milestone for Reliance Industries and domestic capital markets.
Read the original report — Economic Times
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