Mukesh Ambani is gearing up for the launch of two of India’s biggest IPOs by his companies, Reliance Retail Ventures (RRVL) and Reliance Jio Platform (RJPL). Each company is likely to raise ₹50,000-75,000 crore ($6.5 billion to $10 billion) in the stake sale assuming that promoters dilute at least 10 per cent of their holdings.
Sources told BusinessLine that Ambani is likely to make an announcement with regard to the two IPOs during the annual general meeting (AGM) of Reliance Industries (RIL) this year.
