Reliance's Jio Eyes $3.2 Billion in Historic India IPO
Reliance Industries' telecom arm, Jio, is seeking to raise approximately $3.2 billion in what could become India's largest initial public offering to date. The company plans to allocate the majority of the IPO proceeds toward debt reduction as it aggressively expands its business operations beyond traditional telecommunications services into new digital markets.
Source: TechCrunch