Jio Heads Into IPO With Stronger Cash Generation and Lower Leverage
· Business · Moneycontrol
Reliance Jio is preparing for its public offering with strengthened cash generation and lower financial leverage. The telecommunications giant is reportedly targeting a valuation of Rs 10.3 lakh crore. According to the reports, the IPO is expected to be priced between Rs 1065 and Rs 1119 per share. The upcoming float represents one of the largest market debuts in the Indian telecom sector. Further details regarding the exact opening and closing dates of the share sale are expected to be announced soon.
Why it matters
This public offering marks a major milestone for India's telecom sector, offering retail and institutional investors a direct stake in the country's largest wireless operator.
Read the original report — Moneycontrol
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