BusinessPhoto: Firstpost BusinessJio IPO to Raise Fresh Capital Without Existing Shareholder Exit
Jio Platforms, Reliance Industries’ digital and telecom arm, plans an IPO to raise fresh capital by issuing up to 27 crore new shares without any offer for sale by existing shareholders. The proceeds will go directly to the company, primarily to repay up to Rs 27,500 crore of debt at Reliance Jio Infocomm and support general corporate purposes. This approach differs from typical IPOs where existing investors sell shares.
Firstpost Business·


