Reliance Jio has submitted its draft red herring prospectus to Sebi for an IPO, intending to issue 27 crore shares. The company plans to utilize all IPO proceeds for debt repayment, with remaining funds for general corporate purposes. Mukesh Ambani highlighted the listing's potential to unlock significant investor value.
Reliance Jio, India's telecom leader, announced five strategic growth commitments at its AGM, focusing on 5G expansion, broadband access, and digital services. The company also revealed plans for a low Earth orbit satellite constellation and a potential $4 billion IPO, solidifying its market dominance.
Reliance Industries chairman Mukesh Ambani announced Jio Platforms' board has approved its IPO draft red herring prospectus (DRHP), to be filed with SEBI. Expected to be India's largest public issue, it aims to value Jio Platforms between ₹8-10 lakh crore.
Reliance Industries chairman Mukesh Ambani announced Jio Platforms' IPO at the 49th AGM, with the DRHP to be filed with SEBI. The offering aims to be India's largest public issue, potentially surpassing Rs 30,000 crore.
Reliance Jio has denied allegations of sabotaging Telegram access outside India, as claimed by Telegram CEO Pavel Durov. Durov alleged BGP hijacking was used, linking it to a competitive war with Meta, which has a stake in Jio. Experts noted ambiguity in Durov's statements, with one snapshot mentioning Reliance Communications (AS18101) and not Reliance Jio Infocomm (AS55836). Jio stated it adheres to global best practices for network operations.
Reliance Jio is reportedly close to filing draft papers for its $4 billion IPO, potentially becoming one of India's largest public issues. The move follows discussions on valuation and a shift to a fresh issue, with proceeds directed to Jio for expansion.
Reliance Jio and the National Stock Exchange are set to file draft IPO papers this week, potentially raising $6 billion combined. Jio's $4 billion offering could be India's largest listing, while NSE's filing aims to boost market sentiment after years of delays.
Índia bloqueia o Telegram em resposta a redes de fraude que enganaram candidatos para o exame NEET 2026. A medida visa combater vazamentos de provas e proteger a integridade do processo seletivo.
