Reliance Jio plans 8% stake sale ahead of IPO
after close1 source ↓written by the desknot a recommendation
- ahead
- 8% stakes
- with stakes
- 9.99%
- respectively
- 7.73%
Reliance Jio Platforms is negotiating with 13 prominent foreign investors to sell down 8% stakes ahead of its IPO in Mumbai. Notable investors include Meta and Google, with stakes of 9.99% and 7.73% respectively. The IPO filing is expected this week, potentially impacting investor sentiment in the telecom sector. 📈
Not investment advice. For informational purposes only.