Economy
Jio Platforms IPO to Raise ₹30,213 Crore; Meta, Google See ₹1 Lakh Crore Paper Gains
Livemint2h
THE BRIEF
1
Reliance-backed Jio Platforms is preparing for an Initial Public Offering (IPO) next week, aiming to raise approximately ₹30,213 crore.
2
Meta Platforms and Google, existing investors, could see combined paper gains of nearly ₹1 lakh crore from their 2020 investments, representing a 129% return.
3
The IPO, entirely a fresh issue of up to 27 crore equity shares, will open for subscription from October 21 to October 23, 2026, with proceeds earmarked for debt repayment.