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IPO

Jio Platform gets Sebi's nod for Rs 37,000 crore IPO

Economic Times Markets
Jio Platform gets Sebi's nod for Rs 37,000 crore IPO
Economic Times Markets

Jio Platforms has gained Sebi's green light for its anticipated initial public offering, which is projected to garner between $3.5 and $4 billion. This marks Reliance Industries' first IPO in almost 20 years. The firm intends to issue new equity shares, albeit only representing a minor equity stake. A portion of the raised funds will help in offsetting loans for Reliance Jio Infocomm.

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Jio Platform gets Sebi's nod for Rs 37,000 crore IPO | AMFI-registered Mutual Fund Distributor