Reliance Jio plots $4B DRHP filing ahead of RIL's June 19 AGM
Jio Platforms is set to file draft papers for a $4 billion IPO before parent RIL's annual meeting, valuing the telco around Rs 5 lakh crore. The all-fresh issue would fund AI infrastructure and network buildout, with RIL retail shareholders likely getting a reservation quota.
Reliance Jio may file DRHP for a $4 billion IPO ahead of RIL's June 19 AGM. The 100% fresh issue would fund AI infrastructure and network expansion, with retail RIL shareholders likely getting quota allocation.