At $4 billion, Jio IPO set to be India’s biggest ever

Jio Platforms, Reliance Industries' digital arm, is set to launch India's largest-ever IPO, aiming to raise up to $4 billion. The offering will be a primary share sale, with proceeds earmarked for debt reduction and corporate needs, marking a significant value-creation milestone for the company. This move signals a major event for the Indian stock market, with Jio expected to command a valuation exceeding $100 billion.

By REEBA ZACHARIAH