Mukesh Ambani-led Jio Platforms IPO receives SEBI approval

In big news at this hour, Jio Platforms, the digital services division of Reliance Industries, has received SEBI approval for an initial public offering that could raise around $4 billion (approximately Rs 37,700 crore), making it potentially the largest public issue in the country.

Jio Platforms had filed its draft papers with the markets regulator in June for the proposed public issue. According to an update with the market regulator, Jio Platforms obtained SEBI’s final observations on August 28.