Reliance Industries attracts major global investors for Jio Platforms public offering
Reliance announced that prominent global investors, including BlackRock, Fidelity, and the Abu Dhabi Investment Authority, participated in the anchor book for the $3.2 billion Jio Platforms initial public offering. According to sources cited by Reuters, the offering generated over $25 billion in demand, exceeding the anchor quota by more than 30 times. Jio allocated shares worth over 81 billion rupees to these institutions. The company intends to direct a significant portion of the net proceeds toward reducing debt for its telecom subsidiary.
Originally published by CNA | 19 October 2026 | Read original: https://www.channelnewsasia.com/business/indias-jio-lures-marquee-investors-ipo-anchor-book-bids-top-25-billion-6471756
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