Reliance looks at Nasdaq listings for its JIO platforms
May 27, 2020
An abroad listing might be on the cards for Jio Platforms, the computerized, and broadcast communications auxiliary of Reliance Industries (RIL). As indicated by sources aware of the development, work in such manner may initiate not long after RIL sells 20-25% in Jio Platforms and the administration gives direct listing rules.
In the previous month, five worldwide players have gotten a 17.12 % stake in Jio Platforms for an all-out thought of ₹ 78,562 crores, esteeming the organization at ₹ 4.91 trillion (or $73 billion).
Exceptionally positioned sources said once the new rules for direct worldwide listing were reported by the administration, the organization would take a look at different worldwide stock markets.