Jio IPO: Indian billionaire Mukesh Ambani's Reliance Industries has reportedly started work on an initial draft prospectus for a listing of Jio Platforms , Bloomberg News reported, citing people familiar with the matter. In August this year, Ambani had said that the Jio listing could happen in the first half of 2026. Jio IPO is expected to be India's biggest-ever initial public offering (IPO). Reliance Jio is India's largest telecom operator with a subscriber base of over 500 million.

Filing of draft prospectus

Reliance is 'informally' discussing with banks to prepare a prospectus to file with the regulator 'as soon as possible', as per the report. The filing of the draft prospectus and formal appointment of bankers are expected to take place after new rules on IPOs in India come in

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