Reliance Prepares for Jio Share Sale with Multiple Banks

Reliance Industries is collaborating with several banks for the anticipated share sale of its telecom division, Jio. Bloomberg posted on X, indicating that additional advisers may join the effort shortly. The move is part of Reliance's strategy to enhance its telecom business and attract investment. The company aims to leverage the expertise of these financial institutions to ensure a successful transaction. Further details on the timeline and specifics of the share sale are yet to be disclosed.