Jio Platforms gets Sebi nod for $3.8bn IPO, potentially India’s biggest listing
Jio Platforms received approval from the Securities and Exchange Board of India (Sebi) for a $3.8 billion initial public offering. The IPO aims to raise around $4 billion, primarily to reduce debt at its telecom unit, Reliance Jio Infocomm. This listing is set against a backdrop of a strong revival in India's primary market activity.