TechThe Hindu BusinessLine1h ago
Jio Platforms, which owns India's largest carrier and counts Meta
Jio Platforms, which owns India's largest carrier and counts Meta and Google as investors, gets regulatory approval to float India's largest-ever IPO of ~$4B
TL;DRJio Platforms cleared for India's biggest IPO, raising ~$4 billion.
Why it matters: Major test of investor appetite for Indian tech; validates Meta/Google bet on Indian digital growth.
Debt repayment, strong cash flows underpin investor optimism around Jio IPO — Reliance Industries' digital arm Jio Platforms …
Read full articleSource: The Hindu BusinessLine · Opens in new tab