Reliance Jio could file for $4 billion IPO within days

The potential filing may arrive before Mukesh Ambani's annual shareholder speech on Friday, the Financial Times reported.

Summary

Reliance Jio could submit paperwork for a $4 billion initial public offering within days, in a move that may come before Mukesh Ambani's annual shareholder speech on Friday. The reported timing suggests the telecom operator may be preparing to formally launch one of the market's closely watched listings as investors look for signals on valuation, structure and demand.

Terms & Concepts
  • IPO: initial public offering of shares