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(Adds IPO dates, context from third paragraph) By Vivek Kumar M Oct 14 (Reuters) — 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 Go
A company filing says Jio Platforms will launch its initial public offering on October 21, expected to be India's largest.
Jio Platforms filed an updated prospectus and is targeting a valuation of 10.3 trillion rupees ($108.25 billion). The IPO is scheduled to launch on October 21, according to a company filing.
Jio Platforms is preparing to launch its initial public offering on October 21, aiming to raise approximately $3.8 billion. This move is poised to become India's largest-ever IPO, with shares expected to list on October 28.
Reliance Industries gained 4.4% in two days to 1,219.1 rupees, ahead of the likely listing of Jio Platforms later this month. The company may launch India's biggest IPO on Oct. 21. Jefferies increased its weighting in the stock.
Jio Platforms, the Indian digital services arm of billionaire Mukesh Ambani's Reliance Industries, is planning its initial public offering for October 21, aiming to raise approximately $3.8 billion. This IPO is expected to be the largest listing in India, with shares slated to begin trading on October 28.
Mukesh Ambani's Jio Platforms intends to launch its initial public offering on October 21, aiming to raise approximately $3.8 billion. This listing is projected to be the largest in India's history, with shares expected to trade starting October 28.