India, July 30 -- Adding on to what seems to be a perennial discussion about the IPO of India's leading telecom provider Reliance Jio Infocomm, its parent Reliance Industries Ltd (RIL) has now reportedly initiated discussions with markets regulator SEBI for a $6 Bn (INR 52,465 Cr) IPO.

As per a report by Bloomberg, RIL has engaged SEBI in informal talks to seek approval for selling a 5% stake in the telecom major for the IPO.

It is pertinent to mention that the 5% float is significantly lower than the standard 25% minimum public shareholding mandated by Indian regulations. This, the report added, is because the company believes that the Indian market does not have the depth to absorb such a large listing.

If it materialises, Jio's IPO ...