Categories: Business

Jio Platforms gets Sebi nod for $3.8bn IPO, potentially India’s biggest listing

Jio Platforms secured Sebi approval for its substantial $3.8 billion initial public offering. This significant approval paves the way for India’s potentially largest stock market listing. The company plans to offer new shares, raising approximately $4 billion for its operations. Proceeds will primarily be used to reduce debt at its telecom unit, Reliance Jio Infocomm. This listing occurs amidst a strong revival in India’s primary market activity.

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