Reliance to Offer All New Shares in Jio IPO in U-Turn, ET Says
MarketsReliance to Offer All New Shares in Jio IPO in U-Turn, ET SaysFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Abhishek VishnoiMay 11, 2026 at 2:02 AM UTCBookmarkSaveReliance Industries Ltd. is reversing its plans for the initial public offering of Jio Platforms Ltd., potentially India’s largest ever, to issue new shares instead of an offering by existing investors, the Economic Times reported, citing unidentified people familiar with the talks. The u-turn was triggered by some Jio shareholders pushing for a higher price band, while the Mukesh Ambani-led conglomerate favors a more conservative valuation to avoid listing-day losses for retail investors, according to the newspaper.المصدر: Bloomberg | Source: Bloomberg
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