importantSYS.SOURCE: TechCrunch• 2026-10-14T21:48:20Z
Jio Platforms Aims to Raise $3.2 Billion in India's Largest IPO
Jio Platforms, part of Reliance Industries, is aiming to raise $3.2 billion through an IPO that could become India's largest, with a price band of ₹1,065 to ₹1,119 per share. The funds will be used to repay debt and support corporate purposes, following significant investments from Google and Meta in 2020.
Jio plans to use most of its IPO proceeds to repay debt as it expands beyond telecom.
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