Jio Platforms Receives SEBI Approval for $3.8 Billion IPO

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Jio Platforms has received approval from India's markets regulator SEBI to proceed with its initial public offering valued at approximately $3.8 billion. The company intends to issue up to 270 million fresh equity shares as part of the offering. These new shares would represent around 2.9 per cent of Jio Platforms' total equity base following the share issuance. The IPO marks a significant step toward a public listing for the digital services arm of Reliance Industries.

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