Government changes IPO rules for Jio Platforms listing
pre-market1 source ↓written by the desknot a recommendation
- can now dilute
- ₹5 lakh crore
- in an IPO
- 2.5%
- 5%
- potential valuations reaching
- $170 billion
The Indian government has revised IPO listing rules, enabling Jio Platforms Ltd to pursue an initial public offering. Companies with a post-issue market value over ₹5 lakh crore can now dilute as little as 2.5% in an IPO, down from 5%. This move could facilitate one of the largest IPOs in India, with potential valuations reaching $170 billion.
Not investment advice. For informational purposes only.