Reliance Jio's IPO delayed due to changes in listing rules

Reliance Jio's highly anticipated IPO, potentially India's largest at $170 billion valuation, faces delays due to the government's slow formalization of SEBI listing rule changes, despite regulator's approval. Reliance awaits official notification to appoint bankers and file the draft prospectus before April 2026. This could push back Mukesh Ambani's timeline for listing Jio Platforms.