Reliance accelerates plans for Jio IPO, DRHP likely in the next 2-3 weeks
Reliance Industries Ltd. is accelerating plans to list Jio Platforms Ltd., appointing a massive syndicate of Wall Street and domestic banks for what is poised to be India’s largest-ever initial public offering.
Jio Platforms is in the final stages of preparing its draft red herring prospectus, with an aim to file the paperwork with the Securities and Exchange Board of India within the next two to three weeks, Bloomberg New and Mint reported on Wednesday, citing people familiar with the matter.
