Reliance Shares May Offer Cheaper Stake in Jio Ahead of IPO

Reliance Industries shares may offer investors a discounted way to own Jio Platforms ahead of its upcoming initial public offering as soon as this month.

Jio may seek a valuation of about 11 lakh crore rupees or 114 billion US dollars in an initial public offering, valuing Reliance's two-thirds stake at approximately 7.3 lakh crore rupees.

Reliance shares have fallen 23 percent this year due to higher oil prices, elevated global bond yields, and a weaker Indian rupee.