RIL Kicks Off IPO Preparations For Jio Infocomm

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SUMMARY

RIL has initiated informal discussions with investment banks as it looks to file the draft red herring prospectus (DRHP) with the markets regulator “as soon as possible”

The IPO could potentially value Jio at around $170 Bn, making it the largest public offering in India’s history by a wide margin

The company is likely to file its papers after SEBI implements the new IPO rules cleared in September

Months after chairman Mukesh Ambani disclosed Jio Infocomm’s IPO…



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RIL Kicks Off IPO Preparations For Jio Infocomm


SUMMARY

RIL has initiated informal discussions with investment banks as it looks to file the draft red herring prospectus (DRHP) with the markets regulator “as soon as possible”

The IPO could potentially value Jio at around $170 Bn, making it the largest public offering in India’s history by a wide margin

The company is likely to file its papers after SEBI implements the new IPO rules cleared in September

Months after chairman Mukesh Ambani disclosed Jio Infocomm’s IPO…



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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