Jio Platforms files for IPO, plans to issue up to 270 million shares
By
Priyanka Salve
Hot, fresh, and worth queueing round the block for.
Summary
Jio Platforms, India's largest wireless operator and digital service provider owned by billionaire Mukesh Ambani, has filed draft papers for an initial public offering (IPO). The company will issue up to 270 million shares. Mukesh Ambani stated at Reliance Industries' annual shareholder meeting that the listing will demonstrate India's capability to build world-class technology companies. Reliance Industries retains a more than 66% stake in Jio Platforms.
Key quotes
· 1 pulledThe proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value.
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