TREE NEWS reports: India’s Jio Platforms has set the price range for its initial public offering at 1,065 to 1,119 rupees per share. The telecom operator’s listing would be one of the country’s largest share sales. No date for the offering was given.
India’s Jio Platforms Said to Set IPO Price Range at 1,065-1,119 Rupees
The pricing band matters less than the absence of a date, which leaves the offering's timing and final size unresolved. A listing of this scale would test how much domestic and foreign capital India's equity market can absorb in a single telecom asset, and it would give public-market investors their first direct exposure to a business that has been privately held. Whether the range holds through bookbuilding, and when the offering is formally scheduled, are the open questions worth watching.
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