Euro Asia Exports Ltd — Updates, 01-01-1970: Company Update

Reliance Jio Infocomm is reportedly gearing up for India's largest-ever IPO, aiming to raise 52,200 crore rupees. This potential mega-offering would surpass Hyundai Motor India's 28,000 crore rupee record. Jio is seeking regulatory approval to sell only a 5% stake, citing market capacity to absorb such a large offering. The listing, anticipated early next year, would also provide a potential exit route for major foreign investors like Meta and Alphabet, who invested over 20 billion dollars when Jio Platforms was valued at 58 billion dollars in 2020. This IPO marks a significant step for Reliance in monetizing its telecom business.