Ambani’s Jio Platforms Is Said to Plan Filing for IPO Next Month
Mobile SIM card packets for Jio Platforms Ltd, in Srinagar, Jammu and Kashmir.
Photographer: Firdous Nazir/NurPhoto/Getty Images
Reliance Industries Ltd. is likely to file draft paperwork for the initial public offering of Jio Platforms Ltd. in May, incorporating earnings for the full fiscal year, according to people familiar with the matter.
The Mukesh Ambani-led conglomerate had earlier aimed to submit the filing by the end of March using figures for the quarter ended December. The timeline was pushed back because of a market downturn stemming from the war in Iran, the people said, asking not to be identified as the information is private.