BusinessPhoto: News18Hi BusinessMoody's and 5 Brokerages Recommend Subscribing to Jio IPO
Moody's and five brokerage firms including GEPL Capital, Ventura Securities, Emkay Global, Swastika Investmart, and Geojit Financial Services have given a positive recommendation to subscribe to Jio Platforms' IPO worth ₹30,213 crore. Moody's noted that about ₹27,500 crore from the IPO proceeds could be used to repay Reliance Jio Infocomm's debt, reducing interest costs and increasing financial flexibility for future investments.
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