RELIANCE.NSE

Reliance Industries Ltd.

Reliance Industries has appointed 17 bankers for a Rs 40,000 crore Jio Platforms IPO, marking the start of listing preparations. With a possible USD 180 billion valuation, the issue could be India’s biggest IPO, supported by new listing rules and expected investor interest.

Global oil prices are soaring, threatening India's import-reliant economy. A potential $200 per barrel scenario looms, impacting refiners and oil marketing companies severely. While Reliance Industries shows resilience, upstream players like ONGC face price caps. Gas companies grapple with supply route disruptions, potentially affecting industrial users and CNG availability.

In this briefing: Oil futures: Crude edges up amid concerns over prolonged conflict Oilfield Services in a Time of Conflict: Near-Term Disruptions, Medium-Term Opportunity Vaalco Energy (NYSE: EGY): Restart of CI in a few weeks. Focus on Kossipo Will Europe Help "Open" The Strait of Hormuz or Not? Three Scenarios, Two Bullish, One Bearish Selling the Factory Before It's Built: Reliance's ₹25,000 Crore Green Ammonia Plant 1. Oil futures: Crude edges up amid concerns over prolonged conflict Crude futures were edging higher on Tuesday amid fears of a prolonged Middle East conflict and extended closure to the Strait of Hormuz. Front-month May26 ICE Brent futures were trading at $103.23/b (1934 GMT) versus Monday's settle of $100.21/b, while Apr26 NYMEX WTI was at $95.81/b against a previous close of $93.50/b. Tensions remain high after the US targeted Iran's Kharg Island over the weekend, and while the strikes were limited to military infrastructure, they still highlighted the risks to energy supplies. 2.

Reliance Industries is preparing for a massive IPO of its telecom arm, Jio Platforms. The company plans to file initial documents by the end of this month. This could be India's largest ever IPO. Seventeen bankers have been appointed to manage the issue. The offering is expected to be a secondary share sale by existing investors.