Jio's $4B IPO stalls as US-Iran conflict, valuation gaps push Reliance to fresh-issue-only structure
Reliance Industries' planned Jio Platforms listing—set to be India's largest IPO at $4 billion—has lost momentum amid US-Iran war fallout, weak Indian equities and unresolved valuation concerns. Reliance has reworked the deal to a fresh-issue-only format, with no firm filing date set.
Reliance paused Jio's $4B IPO, shifting to a fresh-issue-only structure amid US-Iran conflict and unresolved valuation gaps.
Business Today · Latest · 5/22/2026, 5:31:08 AM · Ask about this →