Reliance Eyes $6 Bn IPO For Jio Infocomm

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SUMMARY

RIL has now reportedly initiated discussions with markets regulator SEBI for a $6 Bn IPO

It has engaged SEBI in informal talks to seek approval for selling a 5% stake in the telecom major for the IPO

If it materialises, Jio’s IPO would be the largest, going past Hyundai Motor India’s $3.3 Bn public issue last year

Adding on to what seems to be a perennial discussion about the IPO of India’s leading telecom provider Reliance Jio Infocomm, its parent Reliance…



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Reliance Eyes $6 Bn IPO For Jio Infocomm


SUMMARY

RIL has now reportedly initiated discussions with markets regulator SEBI for a $6 Bn IPO

It has engaged SEBI in informal talks to seek approval for selling a 5% stake in the telecom major for the IPO

If it materialises, Jio’s IPO would be the largest, going past Hyundai Motor India’s $3.3 Bn public issue last year

Adding on to what seems to be a perennial discussion about the IPO of India’s leading telecom provider Reliance Jio Infocomm, its parent Reliance…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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