Reliance Jio nears $4B IPO filing, India's largest-ever listing in sight
Reliance Jio is reportedly days away from filing draft papers for a $4 billion IPO at a $20 billion-plus valuation, potentially India's largest listing. Parent RIL's capital reallocation has direct read-through to Reliance Retail's expansion runway, with an AGM-linked announcement expected Friday.
Reliance Jio is reportedly days away from filing draft papers for a $4 billion IPO, potentially India's largest-ever listing. Parent Reliance Industries' capital flows are material to its retail arm; AGM-linked announcement expected Friday.