Mukesh Ambani’s record IPO of Jio delayed by regulatory limbo

Reliance is waiting for the government to formalize the changes backed by the regulator to appoint bankers formally and file a draft IPO prospectus, according to people familiar with the matter who asked not to be identified because the discussions are private. The company is now aiming to file the draft prospectus before April, depending on the government notification, they said.Jio, which owns India’s largest wireless operator, is one of the crown jewels of Ambani’s empire and its IPO — the first listing ...