Reliance Jio Set For IPO? Report Says $4 Billion Filing May Come This Week

Summary

Reliance Jio Infocomm is expected to file draft papers for its initial public offering within the next few days, seeking around four billion dollars. The filing could come as early as this week, ahead of Reliance Industries Chairman Mukesh Ambani's annual address to shareholders on Friday. This highly anticipated public issue would mark one of India's most closely watched market debuts, with Reliance Jio being the country's largest telecom operator by subscriber base.