Jio Platforms IPO: Reliance Industries Chairman and Managing Director Mukesh Ambani signalled steady progress in the launch of the much-awaited initial public offering (IPO) of Jio Platforms.
Touted to be the biggest public offer in the Indian stock market, and first by the Reliance group in two decades, any updates on Jio Platforms IPO are being keenly tracked by investors.
In today’s earnings statement for Reliance Industries, Ambani signalled steady progress in the telecom arm’s listing, as he said, “I am happy to note that we are advancing steadily towards the listing of Jio Platforms.”
This will mark a defining milestone in its journey as it continues to scale new heights and contribute to India’s digital future, the Indian billionaire said in a press release for RIL’s March quarter earnings.
A Bloomberg report earlier this month suggested that Jio Platforms may file draft papers for its initial share sale in May. RIL pushed the timeline from December earlier, according to the report, amid the market downturn from the war between the US and Iran.
(This is a developing story. Kindly check back for updates.)