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Mukesh Ambani's Jio to launch record India IPO on October 21
Jio Platforms, the digital arm of billionaire Mukesh Ambani’s Reliance Industries, will launch what is expected to be India’s largest initial public offering on October 21, a company filing showed. Jio Platforms, which counts Meta and Google among its major foreign investors, is set to price its shares at 1,065 to 1,119 rupees apiece, Reuters reported last week. The IPO would raise about $3.2 billion at the upper end of the price band, valuing the company at 10.3 trillion rupees ($108.25 billion). The company, which has businesses spanning telecoms, cloud computing, entertainment and AI servic...
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