Reliance Is Said to Plan Offering All New Shares in Jio IPO

Reliance Industries Ltd. is gearing up to offer only new shares in the initial public offering of Jio Platforms Ltd., without selldowns by existing holders, according to people familiar with...

By Dave Sebastian, Rajesh Mascarenhas, Sanjai P R, Baiju Kalesh · Bloomberg Markets

Reliance Industries Ltd. is gearing up to offer only new shares in the initial public offering of Jio Platforms Ltd., without selldowns by existing holders, according to people familiar with the matter, marking a U-turn in the preparation for what is slated to be India’s largest ever listing.