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RIL Kicks Off IPO Preparations For Jio Infocomm
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SUMMARY
RIL has initiated informal discussions with investment banks as it looks to file the draft red herring prospectus (DRHP) with the markets regulator “as soon as possible”
The IPO could potentially value Jio at around $170 Bn, making it the largest public offering in India’s history by a wide margin
The company is likely to file its papers after SEBI implements the new IPO rules cleared in September
Months after chairman Mukesh Ambani disclosed Jio Infocomm’s IPO…
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