Reliance Jio Infocomm is preparing to submit draft papers for its anticipated 4 billion dollar IPO in India within days. The filing is expected just before Mukesh Ambani's annual address to Reliance Industries shareholders on Friday.
The Financial Times reported on Wednesday that the company could move forward with the IPO documents soon, according to sources familiar with the matter.
Reliance Jio Infocomm is a key unit of Reliance Industries, led by billionaire Mukesh Ambani. The planned IPO has drawn significant attention in Indian business circles.
The timing aligns with Ambani's closely watched speech scheduled for Friday, which typically outlines major corporate strategies.