Economy
Jio Platforms IPO Secures ₹8,110 Crore in Anchor Investor Bids
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THE BRIEF
1
Major institutional investors including BlackRock, Fidelity, and Allianz took anchoring stakes in Jio Platforms' $3.2 billion initial public offering.
2
Bankers allocated 7.247 crore shares to anchor investors at ₹1,119 apiece, raising ₹8,110 crore ahead of India's largest share sale.
3
The public offering is scheduled to open for subscription on October 21 and close on October 23, seeking a valuation of up to ₹10.3 lakh crore.