Jio Platforms gets nod for $4 billion IPO, India’s biggest ever
Jio Platforms Ltd received approval from the Securities and Exchange Board of India (SEBI) for a $4 billion IPO, marking India's largest ever. The IPO will consist of 27 crore equity shares, with ₹27,500 crore allocated for debt repayment. The offering is expected to attract significant retail investor interest, with 35% of the net issue reserved for them.