Jio IPO attracts major global investors ahead of listing
after close1 source ↓written by the desknot a recommendation
- significant IPO worth
- ₹35,000 cr
- holding
- 9.98% stake
- 7.73%
Jio Platforms is set for a significant IPO worth ₹35,000 cr, with major backers like Meta holding a 9.98% stake and Google at 7.73%. Notably, the draft red herring prospectus reveals no offer-for-sale, indicating investors' confidence in retaining their stakes during the listing.
This move underscores strong institutional backing, which may enhance market sentiment for the upcoming IPO.
Not investment advice. For informational purposes only.