Reliance Jio, India's leading telecom giant, is preparing for an initial public offering to raise Rs40,000 crore, setting the stage for the country's biggest IPO ever.
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Jio plans to raise Rs40,000 crore, setting the stage for India's largest IPO.
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The IPO includes fresh shares and an offer-for-sale (OFS) by promoters.
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Jio aims for a $120 billion valuation with this offering.
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Jio is currently selecting investors for pre-IPO placements.
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The IPO is set to launch in the second half of the year.
Despite pre-IPO placements, a significant portion will target retail investors.
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Key stakeholders include ADIA, Silver Lake, and Mubadala, holding 33% collectively.
Emerging technologies and cheaper alternatives challenge Jio’s market dominance.
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Elon Musk’s Starlink and other satellite services could destabilize Jio’s platform.
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From broadband leader to IPO giant, Jio’s growth story inspires.
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