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Jio Platforms files red herring prospectus for INR 30,213 crore IPO, India's largest ever
Jio Platforms is selling up to 270 million fresh shares, topping Hyundai Motor India's INR 27,859 crore offering. Up to INR 27,500 crore of proceeds will prepay borrowings at Reliance Jio Infocomm. The filing was made on Wednesday.
Hyundai Motor India IPO, 2024₹27,859 crore
Jio Platforms IPO₹30,213 crore
Reported figures
From the report. Source details below
| Reliance shareholder reservation: | up to INR 2,500 crore |
|---|---|
| Employee reservation: | up to INR 500 crore |
| Meta affiliate Jaadhu Holdings stake: | 9.98 per cent |
| Google International stake: | 7.73 per cent |