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Reliance Prepares Jio’s Record IPO Prospectus with ₹320 Billion Cash Inflow
Reliance prepares Jio’s ₹320 billion IPO prospectus, targeting a valuation of up to $170 billion and marking a major milestone for its telecom operations.
Reliance Industries is preparing Jio’s record IPO prospectus, targeting an India valuation up to $170 billion. The multi-tranche funding plan for Jio aims to raise ₹320 billion, marking a significant step in Jio's expansion and its push to solidify its position in India's digital and telecom market. The IPO could reshape the competitive landscape, bringing in much-needed capital for future growth.