Jio IPO: Co set to begin investor outreach later this week, say sources
· economictimes.indiatimes.com
Jio Platforms is preparing for its massive initial public offering after receiving Sebi approval. Investor outreach will commence this week across key global financial centers. The company plans to issue fresh equity shares to raise substantial capital. Proceeds will primarily be used to repay outstanding borrowings of its subsidiary. This public offering marks Reliance group's first since 2008.
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