Mumbai, Jan. 20 -- Mukesh Ambani-led Reliance has roped in Morgan Stanley and Goldman Sachs for the IPO of Jio Platforms even as it awaits a final government notification on revised IPO norms before it files its draft red herring prospectus (DRHP) for the IPO, according to company officials.
Jio Platforms, which is the parent company of Reliance Jio, has been valued around Rs 15 lakh crore and offloading just 2.5% of the company is expected to raise about $4.5 billion or Rs 37,000 crore in the next few months in the first half of 2026.
The latest move by Reliance came after SEBI Chairman Tuhin Kanta Pandey confirmed last week that the government has already approved a reduction in the minimum IPO float for large companies to 2.5% from 5%,...