Reliance working with 6 investment banks for Jio's IPO: Report

Reliance Industries is working with six banks for the planned IPO of its telecom unit, Jio Platforms, Bloomberg reported. These banks are BofA Securities, Citigroup, Goldman Sachs Group, JM Financial, Kotak Mahindra Capital and Morgan Stanley. The IPO may be India's largest-ever public issue. Bankers have previously proposed valuing Jio Platforms at as much as $170 billion.