Jio IPO

Market participants expect Jio Platforms' IPO to improve valuation discovery, attract investor interest and unlock value for Reliance Industries shareholders

RIL Chairman Mukesh Ambani outlined RIL's next phase of growth, with plans spanning sovereign artificial intelligence infrastructure, satellite broadband, 5G expansion and digital services

Jio said its proposed IPO will consist of a fresh issue of up to 270 million equity shares with a face value of ₹10 each, with pricing to be decided through book building

RIL AGM comes amid increased anticipation over the listing of Jio, which is reportedly nearing the filing of draft papers for a proposed $4 billion share sale

NSE's IPO is likely to be worth $3.3 billion, based on its ​share price in private markets, and comes after years of regulatory delays

Shareholders of the energy-to-entertainment conglomerate will hear updates from Ambani on Friday at the company's 49th annual general meeting