Reliance Jio targets $130-180bn IPO; RIL stock rallies 6% in four days ahead of AGM
India's largest-ever IPO is loading. Jio's standalone listing at $130-180bn valuation reframes RIL's sum-of-parts, with Reliance Retail's own listing track in focus. Morgan Stanley reiterates Overweight, Rs 1,803 target vs Rs 1,333 spot. AGM on June 19 is the catalyst.
Reliance Jio set to file India's biggest-ever IPO at $130-180bn valuation ahead of RIL's 49th AGM on June 19. Parent RIL stock gains 6% in four days on IPO buzz; Morgan Stanley keeps Overweight with Rs 1,803 target.
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