Mitul Shah & Associates

RIL appoints 17 bankers for a potential Rs 40,000 crore Jio Platforms IPO

Jio Platforms has appointed 17 investment banks, including global giants, to manage its upcoming IPO, signaling the formal start of preparations for what could be India’s largest-ever listing. This move follows regulatory clarity on minimum public shareholding norms, allowing companies with high valuations to list with a lower initial float.

Jio tells bankers it may file IPO prospectus as early as March

Reliance Industries Ltd. is preparing to file a draft red herring prospectus for its telecom unit, Jio Platforms Ltd., by the end of this month. The company has appointed 17 bankers to manage the potential IPO, which could be India’s largest ever.