Jio IPO draws ₹2.5 lakh cr demand as investors line up for stake

Jio Platforms' upcoming IPO has attracted aggregate demand of nearly ₹2.5 lakh crore from a marquee group of global and domestic institutional investors, Moneycontrol reported. Among the prominent names seeking an allocation are LIC, SBI Mutual Fund and HDFC Mutual Fund, alongside global asset managers Fidelity Investments, Capital Group and BlackRock. The IPO opens in the coming week.