Jio Platforms is preparing for a $4 billion IPO, offering a partial exit for its 14 global investors, including Meta and Google. The offer for sale will see early shareholders trim approximately 8-8.5% of their stakes, reducing their combined holding to about 30% post-IPO. Reliance Industries will maintain its 67% ownership.
Kwality Walls shares fall 3% as RIL’s foray into ice cream biz raises competition fears
Kwality Walls shares dropped on Wednesday as Reliance Consumer Products entered India’s ice cream market with Bombay Creamery, raising competition concerns. The stock extended its