IPO▲ Bullish for Jio
Reliance Jio IPO clock ticking: Can you still buy RIL for shareholders quota amid October 21 launch buzz?
The brief
- Reliance Jio is preparing to launch its IPO on October 21, targeting around $3.8 billion
- Eligible Reliance Industries shareholders may qualify for a reserved quota
- A Jio IPO could affect Reliance Industries shareholders and Indian telecom valuations
- No preferential access to biz from group cos: Jio Payment Solutions CEO
- Top 10@10 | Sensex snaps 4-day losing streak, DIIs outbuy FIIs, and Jio IPO countdown begins
- Reliance Jio’s 10th anniversary offer brings JioBharat 4G phone at effective Rs 299 with six months of recharge
- India telecom sector may see 12-15% tariff hike in next 4-5 months: Report
- Reliance Jio JE6000 – AX3000 Wi-Fi Extender Launched in India
Jio Platforms’ planned IPO
Jio Platforms is targeting an October 21 IPO that could raise $3.8 billion, with reports citing a valuation of $143–146 billion and a proposed issue of 27 crore shares. IPO proceeds are expected largely to repay debt owed by Jio’s telecoms division.
Tuesday, 6 October
- Reliance Jio IPO clock ticking: Can you still buy RIL for shareholders quota amid October 21 launch buzz?