Ambani’s Reliance Jio set to file for $4 bln IPO within days, FT reports

Reliance Jio, owned by Ambani, is preparing to file for a $4 billion IPO within the coming days. This move occurs as expectations rise for an end to the current listings drought in India. The equity market had previously been impacted by the Iran war, which disrupted what was projected to be another record year for flotations. The upcoming filing by Jio is seen as a significant step for the Indian financial markets.