Reliance Shifts Jio Platforms IPO to New Shares With No Investor Exits
Reliance Industries is preparing to structure Jio Platforms’ initial public offering around newly issued shares only, turning the deal into a pure fundraising exercise rather than one that allows existing investors to sell stock. The revised plan would mean no investor exits in the offering.
The shift would reshape a listing that had been viewed as a potential candidate to become India’s largest ever. Earlier plans had contemplated an offering by existing investors, but Reliance is now reversing that approach.
From the sources (3 posts)
@businessReliance is reversing its plans for the IPO of Jio, potentially India’s largest ever, to issue new shares instead of an offering by existing investors, the Economic Times reported, citing unidentified people familiar with the talks https://
@reutersAmbani's Jio Platforms IPO pivots to pure fundraising, no investor exits, sources say
@businessReliance Industries is gearing up to offer only new shares in the IPO of Jio Platforms