Reliance Slows $4B Jio IPO as Middle East War, Valuation Gaps Stall India's Largest Listing
RIL has paused preparations for Jio Platforms' $4 billion IPO—poised to be India's largest—amid US-Iran war fallout, market volatility, and valuation friction versus Bharti Airtel. Gulf investor board approvals are also proving difficult, pushing the timeline beyond the near-term window.
Reliance Industries has slowed preparations for Jio Platforms' $4 billion IPO, potentially India's largest, citing Middle East war impact, market volatility, valuation concerns versus Airtel, and difficulty securing board approvals from Gulf investors.