Reliance Jio hires banks for IPO, no new capital to be raised: Report
India’s telecom and digital giant Reliance Jio Platforms is moving closer to its much-awaited stock market debut. According to sources, the company has appointed 17 banks to manage its proposed listing in Mumbai, reported Reuters. Interestingly, the initial public offering (IPO) will not raise any new funds for the company. OFFER FOR SALE ROUTE CHOSEN…