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Jio appoints 17 banks for IPO, to use OFS route
Mint New Delhi
|March 19, 2026
Indian billionaire Mukesh Ambani's Reliance Jio Platforms has hired 17 banks to manage its Mumbai stock listing, which will see the company raise no new funds and allow exits for some shareholders, four sources familiar with the matter said.
The IPO will be executed as a so-called “offer for sale” in India, three of the sources said, where only existing shareholders sell their shares to the public. Reliance did not respond to Reuters queries. “We don't need new money,” said a source.
Diese Geschichte stammt aus der March 19, 2026-Ausgabe von Mint New Delhi.
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