Description
Jio Platforms is gearing up for a potential record breaking IPO, targeting up to ₹37,700 crore. With SEBI’s observation letter cleared, the listing process has moved into its final stages.
The ₹4 billion issue could surpass Hyundai Motor India’s $3.3 billion IPO, making it India’s biggest ever. Jio will issue 27 crore fresh shares with 2.9% dilution, while the proceeds will be used for debt repayment and general corporate purposes.
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