Economic TimesLean R·
Jio IPO explained: What a fresh issue and no OFS in India's biggest public offer means for investors
Reliance Industries' move to structure the proposed Jio Platforms IPO as a fresh issue of up to 27 crore shares, rather than a largely offer-for-sale (OFS), could make the issue more attractive to investors. Unlike many recent mega IPOs that mainly allowed existing shareholders to cash out, a fresh issue would raise capital for Jio itself.
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