Reliance Industries Plans IPO for Telecom Unit Jio

India's Reliance Industries is preparing to file a draft red herring prospectus for the initial public offering (IPO) of its telecom unit, Jio, by the end of this month. Bloomberg posted on X, highlighting that the company aims to include financials up to the end of December in the filing. This move is part of Reliance's strategy to capitalize on Jio's market position and expand its financial capabilities. The IPO is anticipated to attract significant investor interest, given Jio's substantial influence in the Indian telecom sector.