Biggest-Ever IPO: Reliance Group is going to do something that you will be stunned to hear that this is going to happen for the first time in the history of Dalal Street. This will be the father of all IPOs till now. This IPO will be almost twice as much bigger than the huge IPO of Hyundai India. According to the report, billionaire Mukesh Ambani -led Reliance Industries (RIL) is considering a plan to list IPOs worth Rs 52,200 crore.
Bloomberg quoted sources as saying that Reliance Industries has started informal talks with market regulator SEBI to get approval to sell only 5% stake in its telecom company for $ 6 billion (Rs 52,200 crore). According to regulatory requirements, 25% public share is necessary, but Reliance has told SEBI that the market does not have the ability to accept such a large listing.
It is being said that RIL is planning to bring an IPO next year, but its size and time limit may change based on market conditions. If RIL launches Jio’s IPO to raise Rs 52,200 crore, it will be the largest IPO ever in India and will overtake Hyundai India’s Rs 28,000 crore IPO by huge margin.
The IPO Meta platforms will provide exit options to major global investors including Inc. and Alphabet Inc.’s Google, who invested more than $ 20 billion in Reliance’s digital business in 2020.
Reliance’s evaluation of Jio platforms managing digital and telecom properties was $ 58 billion at that time. Earlier this month, Reuters reported that RIL has decided not to launch Jio’s IPO this year. The report stated that Jio, valued by analysts over $ 100 billion, wants to gain more revenue and larger customer base for its telecom business, and to expand its other digital offers to further increase its evaluation from the IPO.
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