Dhaka, March 24 -- Indian billionaire Mukesh Ambani's AI-to-telecoms arm Reliance Jio Platforms is gearing up for a stock offering which could be India's biggest-ever.
In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion, and sources told Reuters in January the IPO could be worth as much as $4 billion, though final numbers will only be decided later.
Here are the five largest Indian IPOs of all time before Jio Platforms IPO:
Hyundai Motor India
Hyundai, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised 278.7 billion Indian rupees ($2.97 billion) in October 2024 in India's largest-ever IPO.
The manufacturer's South Korean parent 005380.KS sold...
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