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Reliance Industries' planned listing of its digital arm Jio Platforms could be delayed to the second half of fiscal 2027 due to geopolitical tensions in the Middle East, CreditSights said on Wednesday. In its commentary on FY26 earnings of India's most valuable company, CreditSights said the management in the earnings call shared that "the Jio IPO was imminent." Earlier market rumors reported that the IPO could come as early as May, with Reliance looking to shed 2.5-3 per cent stake from its existing 67 per cent stake in Jio for close to USD 4 billion (Rs 37,500 crore). "We believe the Mideast conflict may delay Jio's IPO towards the second half of the year," CreditSights, part of the Fitch Group, said. "A Jio IPO will raise cash for debt repayment and capex, and improve Jio's competitiveness against rivals Bharti and Vodafone Idea." Reliance reported 2025-26 (FY26) revenue and EBITDA growth of 10 per cent and 8 per cent year-on-year, respectively, with retail and telecom continuin
Railway components maker Pioneer Fil-Med Ltd has filed draft papers with the markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The proposed issue comprises a fresh issue of equity shares aggregating Rs 250 crore and an Offer For Sale (OFS) of shares worth Rs 250 crore by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The OFS includes stake sales by promoter Pioneer Facor IT Infradevelopers and promoter group entity Aztech India, each proposing to offload shares worth up to Rs 125 crore. The company proposes to utilise the proceeds from the fresh issue towards part financing the cost of establishing a gear box manufacturing facility and a wind generator components manufacturing facility, both at Salarpur in Bhiwadi, Rajasthan, as well as for general corporate purposes. Additionally, the listing of its equity shares on the stock exchanges is expected to enhance the company's brand visibility and provid
Maharashtra State Electricity Distribution Company plans to complete the demerger of its agriculture arm by April, a key step ahead of its planned initial public offering for December, a top official has said. "We are targeting an IPO by December for MSEDCL (Maharashtra State Electricity Distribution Company), and before that, we will demerge our agriculture business, which we aim to complete by April," its Chairman and Managing Director Lokesh Chandra told PTI on the sidelines of the Mumbai Climate Week. The agriculture segment will be carved out as a separate company, not a subsidiary, ensuring its liabilities do not remain on the balance sheet of the core distribution utility, Chandra said. MSEDCL carries total dues of about Rs 96,000 crore, of which nearly Rs 76,000 crore relates to unpaid agricultural consumption, he said. The accumulation of these arrears has led to higher working capital borrowings and financial strain, despite the core distribution business being operationa
Danish brewing giant Carlsberg is considering listing its India business, as it looks to unlock shareholder value in the country where it is witnessing strong growth, said its Group CEO Jacob Aarup-Andersen. Ending speculation, Andersen, during the investor call, revealed the company's listing plans; however, he added that no final decision has been made so far. "We are today confirming the intention to explore an IPO in India. And we have not made any final decisions yet on that," he said while replying to a query. The company is exploring different options for increasing shareholder value, and that may potentially include an IPO of its business in India, he said. However, he declined to divulge further details saying: "It also unfortunately restricts me from a legal perspective in terms of what I can say and not say around that. But ... what I can say is that this exploration is driven by our aim to create shareholder value... So, we are assessing this on the back of assessing ..