Market Chatter: Reliance Industries Likely to File for Jio Infocomm in Next Few Days

MT Newswires Live06-17

Reliance Jio Infocomm, the telecom unit of Indian conglomerate Reliance Industries (NSE:RELIANCE, BOM:500325), is said to be filing draft papers for its expected $4 billion initial public offering (IPO) soon, the Financial Times reported on Wednesday, citing sources.

The announcement might be made before Reliance Industries' chairman Mukesh Ambani's annual speech to shareholders on Friday.

Reliance Jio did not immediately respond to MT Newswires' request for comment.

As per the news report, in August last year, Reliance Group head Mukesh Ambani told shareholders that the telecom company's IPO would come in the first half of 2026.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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