Jio Platforms raises ₹8,110 crore from 212 anchor investors ahead IPO; LIC, New World Fund among top investors
60-Word AI Digest
Jio Platforms allotted shares worth ₹8,110 crore to 212 anchor investors at ₹1,119 per share ahead of its October 21 IPO. LIC received the largest allocation. The company aims to raise about ₹30,213 crore, valuing it at approximately $108 billion at the top of its price band.
Key Takeaways
- Jio Platforms allotted shares worth ₹8,110 crore to 212 anchor investors at ₹1,119 per share ahead of its October 21 IPO.
- LIC received the largest allocation.
- The company aims to raise about ₹30,213 crore, valuing it at approximately $108 billion at the top of its price band.
Jio Platforms allotted shares worth ₹8,110 crore to 212 anchor investors at ₹1,119 per share ahead of its October 21 IPO. LIC received the largest allocation. The company aims to raise about ₹30,213 crore, valuing it at approximately $108 billion at the top of its price band.
Original Publisher Attribution
This summary was curated from Livemint.