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The Economic Times

Akash Podishetti

Reliance Jio IPO approved: Is it too late to buy RIL shares to be eligible for shareholder quota?

Reliance Jio RIL IPO Jio Platforms Reliance Industries SEBI DRHP RHP

Reliance Industries' telecom and digital arm Jio Platforms has received Sebi approval for its IPO, bringing one of India’s most-awaited listings closer to launch. The issue is expected to raise around Rs 37,700 crore and value the digital services company at nearly Rs 9.5 lakh crore, making it one of the largest public offerings in India.

RIL has confirmed in Jio Platforms' DRHP that the IPO will include a reservation for eligible RIL shareholders. However, the company has not yet disclosed how many shares will be kept aside under this category.

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One subscription that gives you access to news from hundreds of sites

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