Whalesbook
Dekho, woh jo Reliance Jio ka India ka sabse bada IPO aane wala tha na, usmein ab ek badi gadbad ho gayi hai. Baat ye hai ki Reliance Industries ke ek senior executive, Bharat Mathur, ko ek bribery investigation mein arrest kiya gaya hai. Yeh sabse bada fundraising plan ab governance risk mein aa gaya hai, aur investors ka mood bhi kharab ho sakta hai.
Asal mein, yeh probe Bharat Mathur aur Directorate General of Civil Aviation (DGCA) ke ek official ke arrest ke aas-paas ghoom rahi hai. Lagta hai ki $16,000 (lagbhag ₹13 Lakh) ka bribe Asteria Aerospace, jo Reliance ki subsidiary hai, ke liye drone import approvals ko jaldi karne ke liye liya gaya tha. Mathur ko bail mil gayi hai, aur Reliance ne kaha hai ki woh galat kaam mein involve nahi hain. Company ka kehna hai ki Mathur consultant the aur unhein kisi bhi anadhikrit transaction ki jaankari nahi thi.
Reliance Industries, jo India ki sabse badi company hai market cap ke hisaab se, kareeb ₹19.79 Trillion ki hai. Iska stock price ₹1,436.00 ke aas-paas chal raha tha 5th May 2026 ko, jabki global market mein bhi tension chal rahi hai.
Asteria Aerospace, jise Reliance ne 2019 mein $2.45 Million mein kharida tha, uski revenue ₹11 Million (FY20) se badh kar ₹400 Million (FY24) ho gayi hai. Lekin yeh bribery probe, jismein Asteria ke co-founders se bhi poochhtaachh hui hai, subsidiaries mein compliance issues ki taraf ishara kar rahi hai. Yeh tab ho raha hai jab Reliance hamesha apni strong corporate governance ki baatein karta hai.
Yeh allegations Jio IPO ke liye ek governance overhang banati hain, chahe Reliance kuch bhi kahe. Jo investors ESG (Environmental, Social, and Governance) factors ko dekhte hain, woh company ke internal controls ko aur bhi zyada check karenge. Jo bribe ki amount hai woh Reliance ke scale ke hisaab se kam lag sakti hai, par yeh deeper compliance ya risk management ki concerns dikha sakti hai.
Upar se, Indian IPO market bhi abhi thoda cautious hai. Valuations aur market volatility ko lekar concerns hain. SEBI ne abhi companies ko IPO size 50% tak adjust karne ki flexibility di hai, jo market ki current situation ko dikhata hai.
Aur toh aur, Jio ka listing delay bhi ho raha hai kyunki SEBI dwara approve kiye gaye revised listing regulations ki final government notification abhi pending hai. Yeh rules bade listings ke liye bahut important hain.
Ab sabki nazar is baat par hai ki Reliance is bribery probe ko kaise handle karta hai aur listing regulations kab clear hote hain. Kuch analysts bol rahe hain ki Jio IPO ke value erosion ki concerns overhyped ho sakti hain, lekin filhaal sabka dhyan governance issues par hai. Market wait kar raha hai listing timeline ka, jo investigation ke result aur investor demand par depend karega.