Jio Platforms gets SEBI nod for what may become India's largest-ever IPO

SEBI has approved the IPO of Reliance-owned Jio Platforms, paving the way for what could become India's largest-ever public issue. As per Jio's IPO prospectus, filed on June 19, the company will issue up to 27 crore new shares. Notably, Meta and Google hold a 17.71% and 33.57% stake in Jio, and the IPO may reportedly raise around ₹37,700 crore.