Reliance AGM Live: Jio IPO Gets Green Light, Mukesh Ambani Says DRHP To Be Filed With SEBI Today

Summary

Reliance Industries Chairman Mukesh Ambani has announced that the draft red herring prospectus for the Jio initial public offering has received approval and will be filed with the Securities and Exchange Board of India today. This marks a major milestone for India's largest telecom and digital services company, and the proposed public issue will include a fresh issuance of up to twenty-seven crore equity shares. The filing is expected to pave the way for what could become one of the largest public offerings in India's corporate history.