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Reliance urges its 419,911 staff to back $3.2 billion Jio Platforms IPO, releasing October salaries about 15 days early

Jio Platforms has set aside shares worth up to 5 billion rupees for eligible employees at a 5% discount, as Reliance reaches out to nearly 420,000 staff across group companies. The issue opens on 21 October and closes on 23 October.

The staff quota and discount set against the size of the offer and headcount
IPO size
$3.2 billion
Employee share reservation
up to 5 billion rupees
Employee discount
5%
Reliance Industries employees
419,911
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Reported figures

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Price band: 1,065 rupees to 1,119 rupees

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Source Read the source at Mint

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