
Reliance Jio, India’s largest telecom operator, is soon expected to go for the Initial Public Offering (IPO) in the coming months. But now a report online is suggesting that the IPO will be delayed due to regulatory reasons. The regulatory norms for listing of private companies in the market were modified, but the same hasn’t been formalised by the government yet, said a report. Thus, Reliance is waiting for the government to do that so it can move ahead with filing a draft IPO prospectus, said an ET report.
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