Reliance plans ₹52,200-crore IPO for Jio, India's biggest: Report
Mukesh Ambani-led Reliance Industries Ltd (RIL) is planning to take Jio Infocomm public. According to a Bloomberg report, the conglomerate is looking to raise ₹52,200 crore by selling a 5% stake in the company. The company is holding informal talks with SEBI to secure regulatory approval. If approved, the move would reportedly break all previous IPO records in India.