Jio May File $4B IPO Papers Before June 19 RIL AGM, Setting Up India's Largest Listing
Reliance Jio is reportedly preparing draft papers for a ~$4 billion all-OFS IPO ahead of parent RIL's June 19 AGM. KKR, Vista Equity and Mubadala would pare stakes via a 17-bank syndicate. While telecom-led, the parent capital event has read-through for Reliance Retail's funding cadence.
Reliance Jio may file draft papers for a ~$4 billion IPO just before RIL's June 19 AGM. The all-OFS issue could be India's largest listing, with KKR, Vista and Mubadala paring stakes via 17 appointed banks.