Reliance Jio in talks with investors to sell 8% of individual stakes in IPO

HONG KONG/NEW DELHI: Indian billionaire Mukesh Ambani’s Reliance Jio Platforms has held talks with 13 marquee foreign investors to sell down 8% of individual stakes in an upcoming Mumbai listing of the telecoms-to-AI ‌company, sources familiar ⁠with ⁠the matter said.

Ambani’s Jio Platforms, which houses the world’s second-largest telecom company by users after China Mobile , is set to file for approval of its IPO in Mumbai as early as this week.