{"id":23410,"date":"2026-03-25T14:53:32","date_gmt":"2026-03-25T09:23:32","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=23410"},"modified":"2026-03-25T14:53:32","modified_gmt":"2026-03-25T09:23:32","slug":"reliance-jio-ipo-smart-money-exit-valuation-risk","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/reliance-jio-ipo-smart-money-exit-valuation-risk\/","title":{"rendered":"Reliance Jio IPO Triggers Smart Money Exit \u2014 Will $180B Valuation Hold?"},"content":{"rendered":"<h2 data-section-id=\"lmm6r2\" data-start=\"249\" data-end=\"294\">What Just Changed<\/h2>\n<p data-start=\"296\" data-end=\"350\">India\u2019s biggest upcoming IPO just moved a step closer.<\/p>\n<p data-start=\"352\" data-end=\"548\"><a href=\"https:\/\/www.jio.com\/platforms\/about-us\/\" rel=\"noopener\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Reliance Jio Platforms<\/span><\/span><\/a> is reportedly in active talks with <strong data-start=\"425\" data-end=\"448\">13 global investors<\/strong> to sell part of their holdings as part of its upcoming IPO.<\/p>\n<ul data-start=\"550\" data-end=\"836\">\n<li data-section-id=\"1wv6sjn\" data-start=\"550\" data-end=\"610\">Each investor may sell <strong data-start=\"575\" data-end=\"608\">~8% of their individual stake<\/strong><\/li>\n<li data-section-id=\"93oz36\" data-start=\"611\" data-end=\"740\">This translates to roughly <strong data-start=\"640\" data-end=\"675\">2.5%\u20133% of total company shares<\/strong> being offered in the IPO<\/li>\n<li data-section-id=\"9e4jf7\" data-start=\"741\" data-end=\"836\">The IPO filing could happen <strong data-start=\"771\" data-end=\"796\">as early as this week<\/strong><\/li>\n<\/ul>\n<p data-start=\"838\" data-end=\"942\">This confirms the structure of the IPO and, more importantly, <strong data-start=\"901\" data-end=\"941\">who will supply shares to the market<\/strong>.<\/p>\n<h2 data-section-id=\"1vucwxi\" data-start=\"949\" data-end=\"982\"><span role=\"text\">Why Markets Care <em data-start=\"971\" data-end=\"982\">Right Now<\/em><\/span><\/h2>\n<p data-start=\"984\" data-end=\"1075\">This is not just another IPO update; it changes how the Street will interpret the listing.<\/p>\n<h3 data-section-id=\"1cwdsb3\" data-start=\"1077\" data-end=\"1129\">1. This Is an \u201cOffer-for-Sale\u201d IPO<\/h3>\n<ul data-start=\"1130\" data-end=\"1215\">\n<li data-section-id=\"f3vblg\" data-start=\"1130\" data-end=\"1166\">No fresh capital is being raised<\/li>\n<li data-section-id=\"d4pz3q\" data-start=\"1167\" data-end=\"1215\">Existing investors are <strong data-start=\"1192\" data-end=\"1213\">partially exiting<\/strong><\/li>\n<\/ul>\n<p data-start=\"1217\" data-end=\"1246\">\ud83d\udc49 Translation for markets:<\/p>\n<ul data-start=\"1247\" data-end=\"1380\">\n<li data-section-id=\"f6bubh\" data-start=\"1247\" data-end=\"1299\">This is <strong data-start=\"1257\" data-end=\"1276\">value unlocking<\/strong>, not capital raising<\/li>\n<li data-section-id=\"1sv9u2t\" data-start=\"1300\" data-end=\"1380\">It signals <strong data-start=\"1313\" data-end=\"1380\">early investors booking gains after massive valuation expansion<\/strong><\/li>\n<\/ul>\n<h3 data-section-id=\"14pdneg\" data-start=\"1387\" data-end=\"1424\">2. Big Global Names Are Involved<\/h3>\n<p data-start=\"1426\" data-end=\"1468\">Investors likely to dilute stakes include:<\/p>\n<ul data-start=\"1470\" data-end=\"1752\">\n<li data-section-id=\"rg3yhc\" data-start=\"1470\" data-end=\"1526\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Meta<\/span><\/span> (~9.99% stake)<\/li>\n<li data-section-id=\"1287662\" data-start=\"1527\" data-end=\"1583\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Google<\/span><\/span> (~7.73% stake)<\/li>\n<li data-section-id=\"pzvh1x\" data-start=\"1584\" data-end=\"1625\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">KKR<\/span><\/span><\/li>\n<li data-section-id=\"1l5awad\" data-start=\"1626\" data-end=\"1667\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Vista Equity Partners<\/span><\/span><\/li>\n<li data-section-id=\"1swgzpb\" data-start=\"1668\" data-end=\"1752\">Gulf sovereign funds (PIF, Mubadala, ADIA)<\/li>\n<\/ul>\n<p data-start=\"1754\" data-end=\"1774\">\ud83d\udc49 Why this matters:<\/p>\n<ul data-start=\"1775\" data-end=\"1908\">\n<li data-section-id=\"63ynk5\" data-start=\"1775\" data-end=\"1836\">These are <strong data-start=\"1787\" data-end=\"1836\">smart-money investors from 2020 funding round<\/strong><\/li>\n<li data-section-id=\"vd58o0\" data-start=\"1837\" data-end=\"1908\">Partial exits often <strong data-start=\"1859\" data-end=\"1908\">anchor valuation expectations for IPO pricing<\/strong><\/li>\n<\/ul>\n<h3 data-section-id=\"lji9qe\" data-start=\"1915\" data-end=\"1973\">3. Size &amp; Valuation Expectations Are Becoming Clearer<\/h3>\n<ul data-start=\"1975\" data-end=\"2094\">\n<li data-section-id=\"hsvo2m\" data-start=\"1975\" data-end=\"2014\">Estimated IPO size: <strong data-start=\"1997\" data-end=\"2012\">~$4 billion<\/strong><\/li>\n<li data-section-id=\"4vkzdu\" data-start=\"2015\" data-end=\"2094\">Expected valuation: <strong data-start=\"2037\" data-end=\"2054\">~$180 billion<\/strong><\/li>\n<\/ul>\n<p data-start=\"2096\" data-end=\"2115\">\ud83d\udc49 Market takeaway:<\/p>\n<ul data-start=\"2116\" data-end=\"2221\">\n<li data-section-id=\"7ugkk3\" data-start=\"2116\" data-end=\"2159\">Could become <strong data-start=\"2131\" data-end=\"2159\">India\u2019s largest IPO ever<\/strong><\/li>\n<li data-section-id=\"1meat7g\" data-start=\"2160\" data-end=\"2221\">Likely to <strong data-start=\"2172\" data-end=\"2221\">absorb liquidity across markets during launch<\/strong><\/li>\n<\/ul>\n<h2 data-section-id=\"1m9fnb9\" data-start=\"2228\" data-end=\"2277\">Subtle Signal: \u201cLeaving Money on the Table\u201d<\/h2>\n<p data-start=\"2279\" data-end=\"2312\">One important line in the report:<\/p>\n<blockquote data-start=\"2314\" data-end=\"2373\">\n<p data-start=\"2316\" data-end=\"2373\">The company wants to <strong data-start=\"2337\" data-end=\"2373\">leave value for retail investors<\/strong><\/p>\n<\/blockquote>\n<p data-start=\"2375\" data-end=\"2410\">\ud83d\udc49 What this means in market terms:<\/p>\n<ul data-start=\"2411\" data-end=\"2542\">\n<li data-section-id=\"14arzhx\" data-start=\"2411\" data-end=\"2468\">IPO may be <strong data-start=\"2424\" data-end=\"2468\">priced conservatively vs peak valuations<\/strong><\/li>\n<li data-section-id=\"1axox2a\" data-start=\"2469\" data-end=\"2542\">Creates potential for:\n<ul data-start=\"2496\" data-end=\"2542\">\n<li data-section-id=\"1w17t3s\" data-start=\"2496\" data-end=\"2515\"><strong data-start=\"2498\" data-end=\"2515\">listing gains<\/strong><\/li>\n<li data-section-id=\"54an3o\" data-start=\"2518\" data-end=\"2542\">strong demand momentum<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p data-start=\"2544\" data-end=\"2553\">But also indicates <strong data-start=\"2566\" data-end=\"2633\">careful balancing of institutional exit vs retail participation<\/strong><\/p>\n<h2 data-section-id=\"14m0c7e\" data-start=\"2640\" data-end=\"2688\">What Traders &amp; Investors Should Watch Next<\/h2>\n<h3 data-section-id=\"1vllldv\" data-start=\"2690\" data-end=\"2724\">1. IPO Filing (DRHP Timing)<\/h3>\n<p data-start=\"2725\" data-end=\"2752\">The biggest trigger now is:<\/p>\n<ul data-start=\"2753\" data-end=\"2810\">\n<li data-section-id=\"12p7b5d\" data-start=\"2753\" data-end=\"2783\"><strong data-start=\"2755\" data-end=\"2783\">Official filing timeline<\/strong><\/li>\n<li data-section-id=\"1dkkce\" data-start=\"2784\" data-end=\"2810\"><strong data-start=\"2786\" data-end=\"2810\">Valuation band clues<\/strong><\/li>\n<\/ul>\n<h3 data-section-id=\"11vcv6s\" data-start=\"2817\" data-end=\"2864\">2. Spillover to Telecom &amp; Digital Stocks<\/h3>\n<p data-start=\"2865\" data-end=\"2875\">Watch for:<\/p>\n<ul data-start=\"2876\" data-end=\"2981\">\n<li data-section-id=\"1141m96\" data-start=\"2876\" data-end=\"2941\">Sentiment shift in telecom, digital infra, and platform plays<\/li>\n<li data-section-id=\"fzkqce\" data-start=\"2942\" data-end=\"2981\">Potential re-rating of listed peers<\/li>\n<\/ul>\n<h3 data-section-id=\"6um9wn\" data-start=\"2988\" data-end=\"3033\">3. Liquidity Impact on Broader Markets<\/h3>\n<p data-start=\"3034\" data-end=\"3055\">Large IPOs typically:<\/p>\n<ul data-start=\"3056\" data-end=\"3160\">\n<li data-section-id=\"gofkni\" data-start=\"3056\" data-end=\"3114\">Pull liquidity away from secondary markets temporarily<\/li>\n<li data-section-id=\"6hsgo4\" data-start=\"3115\" data-end=\"3160\">Create <strong data-start=\"3124\" data-end=\"3160\">short-term volatility in indices<\/strong><\/li>\n<\/ul>\n<h2 data-section-id=\"10mhz84\" data-start=\"3167\" data-end=\"3199\">The Under-the-Surface Risk<\/h2>\n<p data-start=\"3201\" data-end=\"3257\">While sentiment is positive, markets will also question the following:<\/p>\n<ul data-start=\"3259\" data-end=\"3415\">\n<li data-section-id=\"1lkeazq\" data-start=\"3259\" data-end=\"3311\">Are early investors <strong data-start=\"3281\" data-end=\"3311\">exiting at peak valuation?<\/strong><\/li>\n<li data-section-id=\"aak4o7\" data-start=\"3312\" data-end=\"3356\">Is telecom growth already fully priced in?<\/li>\n<li data-section-id=\"1ngmf45\" data-start=\"3357\" data-end=\"3415\">Can Jio justify a <strong data-start=\"3377\" data-end=\"3415\">$180B valuation in public markets?<\/strong><\/li>\n<\/ul>\n<p data-start=\"3417\" data-end=\"3516\">These questions will shape the following:<br \/>\n\ud83d\udc49 subscription demand<br data-start=\"3467\" data-end=\"3470\" \/>\ud83d\udc49 listing performance<br data-start=\"3492\" data-end=\"3495\" \/>\ud83d\udc49 sector re-rating<\/p>\n<h2 data-section-id=\"tvnz6h\" data-start=\"3523\" data-end=\"3540\">Bottom Line<\/h2>\n<p data-start=\"3542\" data-end=\"3573\">This development confirms that:<\/p>\n<blockquote data-start=\"3575\" data-end=\"3661\">\n<p data-start=\"3577\" data-end=\"3661\"><strong data-start=\"3577\" data-end=\"3661\">Reliance Jio IPO is no longer a \u201cfuture story\u201d it is entering execution phase.<\/strong><\/p>\n<\/blockquote>\n<p data-start=\"3663\" data-end=\"3716\">For markets, this is a <strong data-start=\"3686\" data-end=\"3707\">high-impact event<\/strong> because:<\/p>\n<ul data-start=\"3718\" data-end=\"3887\">\n<li data-section-id=\"16dv7ig\" data-start=\"3718\" data-end=\"3770\">It sets up India\u2019s <strong data-start=\"3739\" data-end=\"3770\">largest IPO liquidity event<\/strong><\/li>\n<li data-section-id=\"mwyqqk\" data-start=\"3771\" data-end=\"3813\">It signals <strong data-start=\"3784\" data-end=\"3813\">smart-money partial exits<\/strong><\/li>\n<li data-section-id=\"ysps51\" data-start=\"3814\" data-end=\"3887\">It creates <strong data-start=\"3827\" data-end=\"3887\">new valuation benchmarks for digital and telecom sectors<\/strong><\/li>\n<\/ul>\n<p>Also Read: <a href=\"https:\/\/www.niftytrader.in\/markets\/kotak-150cr-trust-discrepancy-trust-risk-bank\/\">Kotak Bank \u20b9150 Cr Discrepancy Sparks Trust Concerns\u2014Why This Could Pressure Banking Stocks Next<\/a><\/p>\n<h2>FAQs<\/h2>\n<h3 data-section-id=\"34b3sk\" data-start=\"471\" data-end=\"531\">What is happening with the Reliance Jio IPO right now?<\/h3>\n<p data-start=\"532\" data-end=\"778\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Reliance Jio Platforms<\/span><\/span> is reportedly in advanced discussions with global investors for stake sales ahead of its IPO filing. The draft papers (DRHP) could be filed as early as this week, signaling a shift from planning to execution.<\/p>\n<h3 data-section-id=\"1qdp9dw\" data-start=\"785\" data-end=\"849\">Who are the major investors likely to sell in the Jio IPO?<\/h3>\n<p data-start=\"850\" data-end=\"907\">Key global investors expected to dilute stakes include the following:<\/p>\n<ul data-start=\"908\" data-end=\"1220\">\n<li data-section-id=\"17wgcs5\" data-start=\"908\" data-end=\"949\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Meta<\/span><\/span><\/li>\n<li data-section-id=\"1gcjogl\" data-start=\"950\" data-end=\"991\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Google<\/span><\/span><\/li>\n<li data-section-id=\"cgv1px\" data-start=\"992\" data-end=\"1033\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">KKR<\/span><\/span><\/li>\n<li data-section-id=\"eyrt5h\" data-start=\"1034\" data-end=\"1075\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Vista Equity Partners<\/span><\/span><\/li>\n<li data-section-id=\"1v6fld3\" data-start=\"1076\" data-end=\"1220\">Sovereign funds like <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Public Investment Fund<\/span><\/span>, <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Mubadala Investment Company<\/span><\/span>, and <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Abu Dhabi Investment Authority<\/span><\/span><\/li>\n<\/ul>\n<p data-start=\"1222\" data-end=\"1315\">These investors entered during the 2020 funding round and are now partially monetizing gains.<\/p>\n<h3 data-section-id=\"1jtnzz3\" data-start=\"1322\" data-end=\"1381\">Is the Jio IPO a fresh issue or Offer-for-Sale (OFS)?<\/h3>\n<p data-start=\"1382\" data-end=\"1618\">The IPO is expected to be largely an <strong data-start=\"1419\" data-end=\"1443\">Offer-for-Sale (OFS)<\/strong>, meaning no fresh capital will be raised. Instead, existing investors will sell part of their holdings, making this more of a value-unlocking event than a capital-raising one.<\/p>\n<h3 data-section-id=\"1pv2w2y\" data-start=\"1625\" data-end=\"1686\">What is the expected size and valuation of the Jio IPO?<\/h3>\n<ul data-start=\"1687\" data-end=\"1760\">\n<li data-section-id=\"1vy1fdq\" data-start=\"1687\" data-end=\"1722\">Estimated IPO size: ~$4 billion<\/li>\n<li data-section-id=\"17ipp27\" data-start=\"1723\" data-end=\"1760\">Expected valuation: ~$180 billion<\/li>\n<\/ul>\n<p data-start=\"1762\" data-end=\"1953\">If achieved, this could become <strong data-start=\"1793\" data-end=\"1816\">India\u2019s largest IPO<\/strong>, but there remains uncertainty around whether public markets will fully accept this valuation amid evolving telecom growth expectations.<\/p>\n<h3 data-section-id=\"18rc0wj\" data-start=\"1960\" data-end=\"2022\">Why does the Jio IPO matter for stock markets right now?<\/h3>\n<p data-start=\"2023\" data-end=\"2075\">The IPO could significantly impact markets due to:<\/p>\n<ul data-start=\"2076\" data-end=\"2343\">\n<li data-section-id=\"8qb08x\" data-start=\"2076\" data-end=\"2156\"><strong data-start=\"2078\" data-end=\"2103\">Liquidity absorption:<\/strong> Large IPOs often pull funds from secondary markets<\/li>\n<li data-section-id=\"i9g1ht\" data-start=\"2157\" data-end=\"2243\"><strong data-start=\"2159\" data-end=\"2180\">Sector re-rating:<\/strong> Telecom and digital platform stocks may see valuation shifts<\/li>\n<li data-section-id=\"jlhgpo\" data-start=\"2244\" data-end=\"2343\"><strong data-start=\"2246\" data-end=\"2268\">Benchmark setting:<\/strong> It creates a new valuation reference for tech-enabled telecom businesses<\/li>\n<\/ul>\n<p data-start=\"2345\" data-end=\"2470\">This creates a near-term <strong data-start=\"2370\" data-end=\"2389\">expectation gap<\/strong> between strong demand narratives and actual institutional subscription behavior.<\/p>\n<h3 data-section-id=\"1qxudrt\" data-start=\"2477\" data-end=\"2534\">Will the Jio IPO offer listing gains for investors?<\/h3>\n<p data-start=\"2535\" data-end=\"2778\">There are indications that the company may price the IPO conservatively to leave upside for retail investors. This could support listing gains, but market conditions, subscription demand, and global sentiment will ultimately decide performance.<\/p>\n<h3 data-section-id=\"1ubyqrb\" data-start=\"2785\" data-end=\"2844\">What risks should investors watch before the Jio IPO?<\/h3>\n<p data-start=\"2845\" data-end=\"2881\">Key forward-looking risks include the following:<\/p>\n<ul data-start=\"2882\" data-end=\"3059\">\n<li data-section-id=\"56dpy\" data-start=\"2882\" data-end=\"2942\">Whether early investors are exiting near peak valuations<\/li>\n<li data-section-id=\"5yfp46\" data-start=\"2943\" data-end=\"3003\">If telecom and digital growth is already fully priced in<\/li>\n<li data-section-id=\"93et6x\" data-start=\"3004\" data-end=\"3059\">Potential market volatility due to liquidity shifts<\/li>\n<\/ul>\n<p data-start=\"3061\" data-end=\"3146\">These factors could create <strong data-start=\"3088\" data-end=\"3106\">market tension<\/strong> during subscription and listing phases.<\/p>\n<h3 data-section-id=\"kkqdu4\" data-start=\"3153\" data-end=\"3206\">What are the next key triggers for the Jio IPO?<\/h3>\n<ul data-start=\"3207\" data-end=\"3328\">\n<li data-section-id=\"1xq98dg\" data-start=\"3207\" data-end=\"3231\">Official DRHP filing<\/li>\n<li data-section-id=\"la6a75\" data-start=\"3232\" data-end=\"3265\">Final price band announcement<\/li>\n<li data-section-id=\"6j88fa\" data-start=\"3266\" data-end=\"3299\">Anchor investor participation<\/li>\n<li data-section-id=\"xr49t\" data-start=\"3300\" data-end=\"3328\">Subscription data trends<\/li>\n<\/ul>\n<p data-start=\"3330\" data-end=\"3424\" data-is-last-node=\"\" data-is-only-node=\"\">These will determine whether momentum sustains or valuation concerns emerge closer to listing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Just Changed India\u2019s biggest upcoming IPO just moved a step closer. Reliance Jio Platforms is reportedly in active talks with 13 global investors to sell part of their holdings as part of its upcoming IPO. Each investor may sell ~8% of their individual stake This translates to roughly 2.5%\u20133% of total company shares being [&hellip;]<\/p>\n","protected":false},"author":11,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1367],"tags":[],"ppma_author":[1523],"class_list":{"0":"post-23410","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipo-news"}," _eael_post_view_count":0,"authors":[{"term_id":1523,"user_id":11,"is_guest":0,"slug":"nikki","display_name":"Nikki Lodha","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/ae2e265bd56e0e890c866fbaa55d29846ba20cc5372adf666652268816af117e?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/23410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=23410"}],"version-history":[{"count":2,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/23410\/revisions"}],"predecessor-version":[{"id":23426,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/23410\/revisions\/23426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/23425"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=23410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=23410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=23410"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=23410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}