Jio Platforms receives board’s nod to file IPO, plans to issue 27 crore shares
Reliance Industries Ltd (RIL) on Friday announced that Jio Platforms Ltd has got the board’s clearance for its proposed initial public offering (IPO) and the company plans to issue up to 27 crore new shares with a face value of Rs 10 each.
RIL CMD Mukesh Ambani, speaking at the 49th Annual General Meeting, said the company will submit its draft red herring prospectus (DRHP) to market regulator SEBI on Friday, which is an important stage in the IPO process.
