Overview
- - Reliance has appointed 17 advisers for the listing, including Morgan Stanley, JPMorgan, Goldman Sachs, Citigroup and HSBC, alongside Kotak Mahindra Capital, Axis Capital, JM Financial and SBI Capital Markets.
- - People familiar with the process say the draft red herring prospectus could be filed by the end of March or within two to three weeks and will include December-end financials.
- - A government notification now allows companies valued above ₹5 lakh crore to list with just a 2.5% public float, with requirements stepping up to 15% within five years and 25% within ten years.
- - The offering is expected to be dominated by an offer-for-sale with an initial dilution of about 2.5%, while valuation discussions reported in the market span roughly $100 billion to $180 billion.
- - Jio Platforms reported Q3 FY26 net profit of ₹7,629 crore on operating revenue of ₹37,262 crore with 51.8% EBITDA margin and continued subscriber and 5G growth, as investors weigh a 2026 market that has shown weaker listing-day performance.