Reliance Industries taps workforce to back Jio Platforms IPO

Reliance Industries reached out to nearly 420,000 employees to encourage investment in the $3.2 billion Jio Platforms IPO by releasing October salaries 15 days early.

Jio Platforms aims for a valuation of up to ₹10.3 lakh crore while raising up to ₹30,200 crore, offering shares at ₹1,065-1,119 each with a 5% employee discount.

The IPO is scheduled to open for subscription from October 21 to October 23, with the anchor book opening on October 19.