Jio Platforms IPO: What does listing of Reliance Industries' company mean for Airtel, Vodafone, Indus Towers shares?
Jio Platforms IPO, Oct. 10 -- The listing of Jio Platforms is likely introduce transformative structural shifts for both the broader Indian telecom sector and its parent company, Reliance Industries (RIL).
Amid growing anticipation around Jio Platforms' initial public offering (IPO), a fresh update on the issue has emerged. The Mukesh Ambani-led telecom company is likely to price its shares in the range of Rs.1,065 to Rs.1,119 apiece, Bloomberg reported, citing sources. However, Jio Platforms has not yet officially disclosed key details of the IPO, including the price band, valuation and timeline.
Jio's proposed valuation could reset the way investors assess Bharti Airtel, which has been a major beneficiary of improving average revenue ...
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