MUMBAI (BLOOMBERG) - Reliance Industries is working with banks on early preparations for an overseas listing of its digital and wireless business, people with knowledge of the matter said, after the unit attracted more than US$10 billion (S$14.2 billion) of investment in a month.. Read more at straitstimes.com.
MUMBAI - Reliance Industries is working with banks on early preparations for an overseas listing of its digital and wireless business, people with knowledge of the matter said, after the unit attracted more than US$10 billion of investment in a month.
KKR & Co last week became the latest investor piling into Jio Platforms after Ambani sealed deals with Facebook, Silver Lake Partners and General Atlantic recently. An overseas listing could potentially give the digital business a higher valuation and allow existing investors to exit, the people said.
India is the only major open Internet market where foreign technology giants such as Amazon.com, Walmart and Google's parent Alphabet can compete for market share.
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