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Ambani’s Jio seeks to raise $3.2B in what could be India’s biggest IPO

TechCrunchOctober 14, 20263 min read

Jio plans to use most of its IPO proceeds to repay debt as it expands beyond telecom.

Jio Platforms, the digital arm of Indian billionaire Mukesh Ambani’s Reliance Industries, is seeking to raise as much as $3.2 billion in what could be India’s biggest initial public offering. The listing will test public-market appetite for a company that attracted more than $20 billion from global investors, including Google…

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