Jio Platforms files DRHP, earmarks Rs 27,500 crore from IPO to clear RJIL debt
Jio Platforms has filed its draft red herring prospectus with SEBI for a fresh issue of 27 crore equity shares, with up to Rs 27,500 crore of proceeds routed to repay borrowings at subsidiary Reliance Jio Infocomm. The move frees parent-level capital across the Reliance group ahead of a mega listing.
Jio Platforms filed DRHP with SEBI for a fresh-issue IPO of 27 crore shares, earmarking up to Rs 27,500 crore of proceeds to repay borrowings of subsidiary Reliance Jio Infocomm, freeing parent-level capital across Reliance group.