Jio Platforms IPO Fully Subscribed
Mukesh Ambani led Jio Platforms secured full subscription for its 3.2 billion dollar IPO within hours of public bidding. The massive offering marks the first public share sale from Reliance in two decades.
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RELIANCE INDUSTRIES LIMITED's Jio Platforms raised $3.2 billion as its IPO fully subscribed within two hours of public bidding on Wednesday morning in India. It marks the country's largest share sale and the first from billionaire Mukesh Ambani's flagship enterprise in two decades. The offering values the telecoms giant at up to $108.3 billion ahead of its market debut.
