Jio Platforms Plans to Raise Around $3.2 Billion in IPO
Jio Platforms plans to raise around $3.2 billion through an IPO, according to the report.
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INDIA STOCKS — Indian shares set to open lower as hot US inflation raises rate worries
Oct 15 (Reuters) — Indian shares are set to open lower on Thursday, tracking Asian peers as a quicker-than-expected increase in US consumer price inflation raised expectations of another rate hike by the Federal Reserve this year. Higher US rates make emerging markets such as India less attractive for overseas investor
Jio Platforms Sets IPO Price Band, Plans to Raise $3.2 Billion
Jio Platforms plans to raise about Rs.30,200 crore, or $3.2 billion, at the upper end of its Rs.1,069–1,119 price band.