Jio IPO: First public offer by Mukesh Ambani-led Reliance group in 20 years delayed by regulatory limbo
The delays by the Indian government in finalizing modifications to listing regulations are jeopardizing Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd (RIL) in achieving the timeline set for Jio Platforms Ltd.’s initial public offering, according to a report by Bloomberg. Reliance is currently awaiting the government to officially implement the changes approved…