Published • loading... • Updated
Mukesh Ambani-Led Jio Platforms IPO Receives SEBI Approval
- Jio Platforms has received SEBI approval for its initial public offering aiming to raise about INR 37,700 crore through a fresh issue of up to 27 crore equity shares, diluting approximately 2.93 percent with no offer-for-sale component.
- The IPO proceeds will largely be used to repay borrowings of Jio Platforms' subsidiary, Reliance Jio Infocomm Limited, allocating around INR 27,500 crore for this purpose.
- Reliance Industries retains a 66.43 percent holding in Jio Platforms alongside global partners like Meta and Google.
- Jio Platforms serves over 530 million subscribers and aims to demonstrate that India can build technology companies of global scale and value.
Insights by Ground AI
15 Articles
15 Articles
Sebi clears Rs 37,000 crore Jio IPO, set to become India's biggest listing
At the estimated issue size of about Rs 37,700 crore (USD 3.8 billion), the offering would surpass Hyundai Motor India's USD 3.3 billion-equivalent listing in 2024 and become the largest IPO in India.
·Noida, India
Read Full Article
Jio Platforms gets Sebi nod for ₹35,000 crore IPO, India’s biggest potential listing
The Reliance Industries digital arm is planning to raise ₹35,000 crore in a fresh issue, with strong initial interest from global investors and a listing targeted within the next couple of months.
·New Delhi, India
Read Full Article
Sebi approves 7 IPOs including Jio Platforms, Paras Healthcare and Bharat PET
Sebi has approved seven IPOs, led by Reliance-backed Jio Platforms’ proposed Rs 37,700 crore offering. Paras Healthcare, Bharat PET, Paramotor Digital Technology, Pushp Brand, MK Sons Fine Jewels and Sadbhav Futuretech also received approvals, expanding India’s primary-market pipeline.
·India
Read Full ArticleCoverage Details
Total News Sources15
Leaning Left1Leaning Right7Center3Last UpdatedBias Distribution64% Right
Bias Distribution
- 64% of the sources lean Right
64% Right
C 27%
R 64%
Factuality
To view factuality data please Upgrade to Premium
