Jio IPO: Reliance Industries switching to a fresh shares-only mode, says report

Jio IPO is widely expected to be the biggest in the history of this country. Reports today indicate that the Ambanis are switching the composition of the IPO from both fresh shares and OFS to only fresh shares. Any investor, who is not a shareholder, prefers a fresh-only shares IPO to a combination of OFS and fresh shares.

Kolkata: While Dalal Street waits for the mega IPOs such as Jio Platforms and NSE in a tepid primary market, reports have stated that Reliance Industries is altering the contours of the mega IPO by switching from a combination of fresh shares and OFS to a fresh only shares. Any investor, as a matter of principle, prefers a fresh-only shares IPO to a combination of OFS and fresh shares. The reason is investor disagreements on pricing, reports have stated.........

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