IPO● Neutral for Indian equities
Jio Platforms plans $3.8 billion IPO for October 21
The brief
- IPO proceeds will largely repay debt owed by Jio’s telecoms division
- Jio also operates AI, cloud and enterprise businesses
Jio Platforms' proposed IPO
Jio Platforms filed its DRHP with SEBI after clearing a regulatory hurdle, with a proposed fresh issue of 27 crore shares. Reports estimate a $3.8 billion offering and a valuation of $143–146 billion; sources say the IPO is planned for October 21.
Monday, 5 October
- Jio Platforms plans $3.8 billion IPO for October 21