Reliance Industries Ltd. has slowed preparations for the initial public offering of its digital subsidiary, Jio Platforms Ltd.
The company originally targeted the first half of 2026 for the share sale. This $4 billion listing is positioned to be the largest-ever in Indian history.
Management is re-evaluating the deal structure due to geopolitical tensions involving Iran. Broader domestic market volatility and valuation concerns also contributed to the delay.
Reliance Industries (RELIANCE) shares fell 0.74% on the NSE this Thursday. The stock closed at a price of ₹1,349.70.