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.
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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
Read full article →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
Read full article →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.
Read full article →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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