Jio IPO: Reliance Jio has filed its red herring prospectus for an October 21-23 IPO, set to be India’s biggest public issue. The offering comprises 27 crore fresh shares, with reservations for Reliance Industries shareholders and employees. The company plans to use most of the proceeds to repay borrowings, while investors assess its valuation.
Jio IPO: Reliance Jio has filed its red herring prospectus for an October 21-23 IPO, set to be India’s biggest public issue. The offering comprises 27 crore fresh shares, with reservations for Reliance Industries shareholders and employees. The company plans to use most of the proceeds to repay borrowings, while investors assess its valuation.
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