Jio Platforms files DRHP for IPO with 27 crore fresh share issue
Reliance's Jio Platforms has filed draft papers with SEBI for its much-anticipated IPO, comprising only a fresh issue of 27 crore shares. Up to Rs 27,500 crore of proceeds will prepay Reliance Jio Infocomm borrowings. RIL holds 66.43%; Meta and Google together hold 17.71%. First major Ambani-group listing in nearly two decades.
Jio Platforms filed DRHP with SEBI for an IPO of 27 crore fresh shares, with up to Rs 27,500 crore earmarked to prepay Reliance Jio Infocomm borrowings. First major Ambani-group listing in nearly two decades.