Reliance Mulls $4 Bn IPO For Jio Platforms

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SUMMARY

Sources said that Reliance is looking to list only 2.5% of the subsidiary’s shares due to the large size of the digital entity

Certain investment bankers are said to have pitched a valuation of $200 Bn to $240 Bn for Jio Platforms. However, Reliance is yet to decide on a ‍firm number

This comes a month after reports RIL had initiated informal discussions with investment banks to file the draft red herring prospectus (DRHP) with SEBI “as soon as possible”

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Reliance Mulls $4 Bn IPO For Jio Platforms


SUMMARY

Sources said that Reliance is looking to list only 2.5% of the subsidiary’s shares due to the large size of the digital entity

Certain investment bankers are said to have pitched a valuation of $200 Bn to $240 Bn for Jio Platforms. However, Reliance is yet to decide on a ‍firm number

This comes a month after reports RIL had initiated informal discussions with investment banks to file the draft red herring prospectus (DRHP) with SEBI “as soon as possible”

In what…



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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