Tech
Reliance Eyes $6 Bn IPO For Jio Infocomm
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SUMMARY
RIL has now reportedly initiated discussions with markets regulator SEBI for a $6 Bn IPO
It has engaged SEBI in informal talks to seek approval for selling a 5% stake in the telecom major for the IPO
If it materialises, Jio’s IPO would be the largest, going past Hyundai Motor India’s $3.3 Bn public issue last year
Adding on to what seems to be a perennial discussion about the IPO of India’s leading telecom provider Reliance Jio
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