Jio Cuts IPO Size to Rs 30,000 Crore
Jio’s issue size is down from about Rs 37,000 crore to Rs 30,000 crore, with a valuation of Rs 10.3 lakh crore and a grey-market premium of Rs 50.
Jio’s issue size has been reduced from about Rs 37000 crore to Rs 30000 crore. 3 lakh crore, while the grey-market premium stands at Rs 50. After a four-day barrage from Musk calling Reliance Group boss ‘Prime Minister Ambani, the IPO, which was intended to be India’s biggest, is struggling to beat Hyundai.