Reliance Retail Is Ready To Come With It's IPO
Billionaire Mukesh Ambani’s oil to data conglomerate Reliance Industries is India’s biggest single listed company by market capitalization , profits most of its refinery, the world’s largest. Reliance wants to embed itself in India’s towns and cities by dominating the 800 BN$ Retail market by forging partnerships with brands ranging from luxury fashion houses like Balenciaga to acquiring the Cola brand. Amid Reports that the company is looking to launch its Reliance Retail IPO , the conglomerate’s chairman and managing director, Mukesh Ambani announced in the Annual General Meeting of Reliance Board that he would be updating the board members about the launch of Initial Public Offering in the next Annual General Meeting. Mukesh Ambani made the comments while addressing the 45th session of Annual General Meeting virtually. People who want to gain the first mover advantage can invest in Pre-IPO shares of Reliance Retail. Unlisted shares are priced at Rs. 2930 per share, on the Planify