- Jio Platforms, the telecoms unit set up as a subsidiary of Reliance Industries, launches its IPO with a Wednesday float.
- The offering seeks up to 302bn rupees (£2.4bn) at a targeted 10.3tn rupee valuation.
- Akash Ambani, eldest son of Mukesh Ambani, leads Jio, which offers low-cost broadband to millions of Indians.
- The listing proceeds despite a stock market downturn, per the Guardian report.
Quotes
“is hoping to raise up to 302bn rupees (£2.4bn)”