Reliance Jio Platforms Announces One of India's Largest Share Sales

New Delhi. Indian billionaire Mukesh Ambani's Reliance Industries' telecom unit 'Jio Platforms' has announced one of the biggest share sales in India's history.

At Reliance's annual general meeting, Ambani informed that the company's board of directors has already approved the draft of the prospectus for the Initial Public Offering (IPO). Media reports indicate that this largest telecom company in India, with over 500 million customers, will raise approximately 4 billion US dollars through the IPO.