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المشهد العربي
Indian market nears Reliance Jio IPO
The National Stock Exchange of India (NSE) has submitted a draft proposal for an initial public offering (IPO), a necessary step to obtain final approvals. It is expected that Reliance Jio Infocomm, owned by billionaire Mukesh Ambani and one of the largest companies in the country, will be listed with a potential valuation of up to $4 billion. This follows a previous setback in 2016 due to regulatory investigations. The move coincides with the giant company's preparations to launch India's largest IPO, amid hopes of reopening the market to investors after previous market disturbances.
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