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SEBI Approves Jio Platforms’ $3.8 Billion Initial Public Offering

India’s securities regulator has granted final approval for Reliance Industries’ Jio Platforms to launch a $3.8 billion initial public offering. The listing is poised to become one of the largest in Indian market history.

28 Aug, 11:22 — 28 Aug, 17:44
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Sources

Showing 4 of 5 sources
bloombergHigh1d ago

Ambani’s Jio Platforms IPO Plan Gets Regulatory Approval

Jio Platforms Ltd., the digital and telecommunications arm of billionaire Mukesh Ambani’s oil-to-retail conglomerate, has received regulatory approval for its initial public offering, clearing a key hurdle in its long-awaited plan to go public.

By Rajesh Mascarenhas

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Times of IndiaMostly Factual1d ago

Jio Platforms gets Sebi nod for $3.8bn IPO, potentially India’s biggest listing

Jio Platforms secured Sebi approval for its substantial $3.8 billion initial public offering. This significant approval paves the way for India's potentially largest stock market listing. The company plans to offer new shares, raising approximately $4 billion for its operations. Proceeds will primarily be used to reduce debt at its telecom unit, Reliance Jio Infocomm. This listing occurs amidst a strong revival in India's primary market activity.

By YASHASVI VASISTHA

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ndtvMostly Factual1d ago

Jio Platforms Gets Markets Regulator's Approval For $3.8-Billion IPO

The company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9 per cent of its post-issue equity base, according to its draft prospectus.

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moneycontrol1d ago

SEBI clears Jio Platforms IPO, set to be India’s biggest public issue at over Rs 37,000 crore - Moneycontrol.com

SEBI clears Jio Platforms IPO, set to be India’s biggest public issue at over Rs 37,000 crore  Moneycontrol.com

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