Reliance Industries Limited reportedly slowed preparations for the $4 billion initial public offering of Jio Platforms.
Sources indicate the conglomerate is re-evaluating the listing structure due to market volatility and Middle East geopolitical tensions. Valuation concerns drive the delay as the market downturn impacts investor return expectations.
Reliance stock fell 0.22% on May 21. The shares closed at ₹1,359.40 on the National Stock Exchange.