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SEBI Approves Jio Platforms’ $3.8 Billion Initial Public Offering

India’s securities regulator has granted final approval for Reliance Industries’ Jio Platforms to launch a $3.8 billion initial public offering. The listing is poised to become one of the largest in Indian market history.

28 Aug, 11:55 — 28 Aug, 11:55
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Sources

Showing 1 of 3 sources
Times of IndiaMostly Factual5h ago

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.

By YASHASVI VASISTHA

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Coverage Timeline

First report: moneycontrol · 28 Aug, 04:02Full coverage: 3 · 9hWindow: 9h
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moneycontrol28 Aug, 04:02First to report

NSE IPO Close To SEBI Approval, Says Chairman Tuhin Kanta Pandey - Moneycontrol.com

8h later
Times of India28 Aug, 11:55

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

1h later
Reuters28 Aug, 12:59Latest update

India's markets regulator approves Jio Platforms' $3.8 billion IPO - Reuters

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