Reliance Jio Infocomm may be days away from filing draft papers for its much-awaited $4 billion initial public offering, according to a Financial Times report on Wednesday citing people familiar with the matter. The filing could come just ahead of Reliance Industries Chairman Mukesh Ambani’s annual address to shareholders at the company’s AGM on Friday.
The proposed IPO is expected to rank among the biggest public offerings in India’s history. At $4 billion, it would surpass Hyundai Motor India’s $3.3 billion IPO and potentially become the largest stock market listing in the country’s history.
