Ambani's Jio Platforms IPO pivots to pure fundraising, no investor exits, sources say - Reuters

<a href="https://news.google.com/rss/articles/CBMiygFBVV95cUxOZ2xiRFJfMGVLbU5yTXpHZUU3MTg5X0FEajNlVEpZaC10NmV3cVNkX3h0NGFTUjFJWmpyM0hIbzd3ZDJyTDluWVhVUUdZMlROalgyYWFCTGIyZlpEbWFvZnZIN2FxeXcxaEY3RjNJbEhXRE1kTGd0NW5QNmN5UC1zY0VSRFRjemNMbjRYZS1mVUhmMGs5NmpUSXZKdWdHNmJmR2VQYVJoR052MEdNUXdZc2oyZEE1d2oySnhlTThMelFjYkxsN2VDbWZ3?oc=5" target="_blank">Ambani's Jio Platforms IPO pivots to pure fundraising, no investor exits, sources say</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Reliance Jio has shifted its planned Mumbai IPO to a pure fundraising exercise, selling 2.5% of shares and abandoning earlier plans that would have allowed shareholders to exit.

Reliance Industries is restructuring the planned IPO of its telecom and digital arm Jio Platforms into a fully fresh share sale, abandoning an earlier offer-for-sale structure after disagreements with investors over valuation.

Mukesh Ambani, chairman and managing director of Reliance Industries, stated that Jio Platforms is advancing steadily towards its public listing, marking a defining milestone in its journey as it continues to scale new heights and contribute to India’s digital future.