Jio Platforms files for India's largest IPO offering
News summary
Jio Platforms has filed its red herring prospectus for India's biggest public issue, targeting ₹30,213 crore. The IPO involves a fresh issue of up to 27 crore equity shares with no offer for sale component. The subscription period runs from October 21 to October 23, with anchor bidding on October 19. Eligible employees are reserved up to ₹500 crore, while Reliance Industries shareholders have ₹2,500 crore reserved. Proceeds will partially prepay borrowings at Reliance Jio Infocomm.
Sources
- Economic Times Markets
- Economic Times Markets
- Mint Markets
- Mint Markets
- Economic Times Markets
- BusinessLine Markets
- Economic Times Markets
- Mint Markets
- Mint Markets
- BusinessLine Markets
- Mint Markets
This story is an AI-assisted summary of reports from the sources listed above. MyKhabri did not do its own reporting on it; read the original sources for full details. Spotted a mistake? Corrections policy
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