Reliance Jio IPO, May 17 -- The much-awaited initial public offering of Reliance Jio, the telecom and digital arm of Reliance Industries Limited, is likely to comprise entirely fresh equity issuance.

According to media reports, the company may drop the offer for sale (OFS) component amid disagreements with existing investors regarding the IPO valuation and pricing.

Existing shareholders are keen on keeping the issue price as high as possible. However, according to a report by The Economic Times. RIL believes aggressive pricing could hurt retail investors if the stock lists at a loss on debut, it said.

"Reliance Jio is reworking its much-awaited IPO into a fully fresh issue of shares, dropping the earlier plan where global investors wou...