Economy
Jio Platforms Secures SEBI Approval for ₹37,700 Crore IPO
CNBC1h
THE BRIEF
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Jio Platforms, backed by Meta and Google, received regulatory approval from SEBI on August 31, 2026, to proceed with its highly anticipated ₹37,700 crore initial public offering.
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The IPO is set to be one of the largest in Indian history, with the company aiming to leverage the capital to expand its 5G infrastructure and digital service ecosystem across the country.
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Investors are now awaiting the official price band and subscription dates, which are expected to be announced by the company's board within the next two weeks.