RELIANCE

is reportedly preparing a scaled-down initial public offering (IPO) for its telecom arm, Jio Platforms, aiming to raise more than $6 billion by listing just 5% of the company, according to Bloomberggg The proposed stake is far smaller than typical IPOs, which often float between 10% and 25% of equity. Reliance has not yet appointed bankers to lead the offering but has started early discussions with stock market officials, according to the reportt Sources suggest that the company is proceeding cautiously due to concerns that India’s market may not be ready to absorb a larger offering at this time.