Reliance Industries' telecom arm, Jio Platforms, has informed bankers of plans to file its IPO prospectus as early as March. The move involves filing initial documents by the end of this month. Seventeen bankers have been appointed to manage what could become India's largest IPO.
Reliance Industries is gearing up for an initial public offering (IPO) of its telecom subsidiary, Jio Platforms. According to reports, the company has told bankers it may submit the IPO prospectus as early as March, with initial documents expected by the end of the current month. This preparation marks a significant step toward what is described as potentially India's largest ever IPO. To oversee the process, seventeen bankers have been appointed. The offering is anticipated to take the form of a secondary share sale by existing investors. Jio Platforms, a key part of Reliance Industries under Mukesh Ambani, has been a major player in India's telecom sector. The IPO plans highlight ongoing efforts to unlock value from the telecom business amid a bustling market for public listings in India.