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Reliance Industries will structure the Jio Platforms IPO as a fully fresh issue, removing the offer-for-sale component after investor disagreements on pricing. All proceeds will go directly to the company for debt repayment and expansion, with no existing shareholders cashing out at listing.
SEBI will permit companies to adjust IPO fresh issue sizes by up to 50% without refiling a draft offer document, up from the current 20% threshold. The change reduces compliance friction for issuers needing to resize fundraises in volatile markets. A formal circular is expected to codify the revised limit.
Tag
Reliance Industries will structure the Jio Platforms IPO as a fully fresh issue, removing the offer-for-sale component after investor disagreements on pricing. All proceeds will go directly to the company for debt repayment and expansion, with no existing shareholders cashing out at listing.
1mo ago · 2 min · Markets
SEBI will permit companies to adjust IPO fresh issue sizes by up to 50% without refiling a draft offer document, up from the current 20% threshold. The change reduces compliance friction for issuers needing to resize fundraises in volatile markets. A formal circular is expected to codify the revised limit.
2mo ago · 1 min · Policy & Government
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