Jio Platforms has received Sebi’s approval to proceed with an IPO potentially worth Rs 37,700 crore, which could become India’s largest public listing. The offering is expected to value the company at about USD 137 billion and primarily repay Reliance Jio borrowings
Reliance Industries shares ended over 1 per cent higher after Jio Platforms filed draft papers for a proposed IPO that could become India's largest. Investor sentiment was also supported by Mukesh Ambani's growth roadmap focused on AI, broadband, clean energy and consumer businesses
Jio Platforms has received board approval to file draft IPO papers with SEBI for a fresh issue of up to 27 crore equity shares. Mukesh Ambani said the listing would unlock shareholder value and support Jio's next phase of growth
