Jio Platforms Raises Rs.8,110 Crore From 212 IPO Anchor Investors
Jio Platforms allotted 7.24 crore shares at Rs.1,119 each, the upper end of its price band, according to an exchange filing.
Story updates
09:34:29 PM UTC
SquawkNews
New Delhi, Oct. 19 -- BlackRock Inc., Fidelity Management & Research, Capital Group and Allianz SE were among the investors taking anchoring stakes in Jio Platforms Ltd.'s $3.2 billion initial public offering, as Reliance Industries Ltd.'s telecom and digital services arm prepares for what's set to…
09:34:29 PM UTC
SquawkNews
Already a hit? Reliance's Jio Platforms gets Rs.8,110 cr from anchor investors; LIC, New World Fund among top investors
New Delhi, Oct. 19 -- Jio Platforms allotted shares worth Rs.8,110 crore to 212 anchor investors at the upper end of its price band, Rs.1,119 per share, according to a stock exchange filing. Ahead of its initial public offering (IPO), the company allotted 7.24 crore shares to anchor investors.