Jio Platforms plans ₹30,000-35,000 cr IPO
pre-market1 source ↓written by the desknot a recommendation
- IPO valued between
- ₹30,000-35,000 cr
- raised
- 100% fresh issue
- 27 crore shares
Jio Platforms is set to launch an IPO valued between ₹30,000-35,000 cr. The company aims to strengthen its balance sheet with the funds raised through a 100% fresh issue of up to 27 crore shares. Notably, existing shareholders, including Reliance Industries, will not sell their stakes, ensuring all proceeds benefit the company directly. 📈
This IPO marks a significant capital-raising effort, positioning Jio as a key player in both telecom and technology sectors.
Not investment advice. For informational purposes only.