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Retail investors fully subscribe Ambani's Jio IPO on day two
Original: Retail investors fully subscribe Ambani’s Jio IPO on second day
The retail portion of the initial public offering of Reliance Jio, the telecom arm of Mukesh Ambani's Reliance group, was fully subscribed on the second day of its offering, according to Reuters. The strong retail demand is an early signal of investor appetite for one of India's most closely watched share sales, which is drawing broad attention across Indian and global markets.
Why now: The Jio IPO is one of the largest and most anticipated share sales in India, so its subscription progress is being closely tracked by investors.
Mukesh AmbaniReliance JioReliance IndustriesIndia
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