Jio Platforms gets Sebi nod for 37.7k cr IPO, set to be India's biggest
Jio Platforms received approval from the Securities and Exchange Board of India (Sebi) for a ₹37,700 crore initial public offering. The IPO aims to raise up to $4 billion and is set to become India's largest stock market listing. The proceeds will primarily be used to retire debt, with Reliance Industries holding a majority stake in Jio.