31/08/2026
๐ฑ๐ฌ% ๐ผ๐ณ ๐๐ป๐ฑ๐ถ๐ฎ'๐ ๐๐ป๐๐ฒ๐ฟ๐ป๐ฒ๐ ๐ถ๐ ๐๐ฏ๐ผ๐๐ ๐๐ผ ๐๐ผ ๐ฃ๐๐ฏ๐น๐ถ๐ฐ
India's market regulator has cleared Jio Platforms, India's biggest telecom and digital services operator, to launch its public issue โ potentially the country's largest IPO ever. The company is expected to raise around โน377 billion (~$3.9 billion), beating the previous record held by Hyundai Motor India.
The offer covers up to 270 million new shares, with proceeds going to cut debt at Reliance Jio Infocomm. Meta's affiliate Jaadhu Holdings (~10%) and Google International (7.7%) are staying put โ neither is selling.Meanwhile, the National Stock Exchange's own mega-listing is still waiting on regulatory clearance.
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India's largest digital and telecom operator, Jio Platforms, got a regulatory nod for an IPO, but the National Stock Exchange, another mega issue, is still awaiting regulatory clearance.