Jio Platforms to file ₹30,000cr IPO, India's largest ever
Business
Jio Platforms, the digital arm of Reliance Industries, is gearing up to file for a massive ₹30,000 crore IPO, making it the largest in India's history.
The move will see Jio offering new shares and marks a big milestone for Mukesh Ambani's company.
Jio IPO draws over $20bn bids
The IPO is likely to open for subscription from October 21-23, with global giants like Meta and Google sticking with or boosting their investment, a real vote of confidence in Jio's tech game.
Interest is sky-high: investors have already bid over $20 billion, and analysts say Jio could be valued at ₹10.3 lakh crore, easily topping rivals like Bharti Airtel.
If you're tracking big moves in tech and finance, this one's worth watching; the listing is targeted for October 28.