Ambani's Jio Platforms IPO pivots to pure fundraising, no investor exits, sources say - Reuters
Ambani's Jio Platforms IPO pivots to pure fundraising, no investor exits, sources say Reuters
Coverage by Political Leaning
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Notable Quotes
"as long as US-Iran talks remain unresolved and physical flow through the Strait of Hormuz remains restricted, prices should hold above $100."
— Tim Waterer , Executive
"disruptions in oil exports across the Strait could delay the return of market stability until as late as 2027."
— Amin Nasser , Executive
"the Iranian ceasefire was 'on life support.'"
— Donald Trump , Politician
Key People
Amin Nasser is the President and CEO of Saudi Aramco.
Former president of the United States known for his aggressive economic policies.
Mukesh Ambani is the chairman and largest shareholder of Reliance Industries.
Tim Waterer is the chief market analyst for KCM Trade.
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<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> <font color="#6f6f6f">Reuters</font>
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.
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.
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