Reliance Jio has filed its draft red herring prospectus with Sebi for an IPO, planning to issue 27 crore shares. The company intends to use all IPO proceeds to repay debt, with remaining funds allocated for general corporate purposes. Mukesh Ambani stated the listing will unlock significant investor value.
Reliance Jio has filed its draft red herring prospectus (DRHP) with Sebi for an initial public offering, aiming to raise approximately $3 billion by issuing 27 crore shares. The primary goal for the IPO proceeds is debt repayment, with remaining funds allocated for general…
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