Jio Platforms gets SEBI nod for $3.8 billion IPO


SEBI’s approval clears the way for Reliance Industries’ digital arm to move ahead with one of India’s biggest IPOs

Reliance Industries-owned Jio Platforms has received regulatory approval for what could become one of India’s biggest public offerings.

India’s markets regulator has approved Jio Platforms’ proposed $3.8 billion initial public offering (IPO), as reported by Reuters, clearing a key regulatory hurdle for one of the country’s most closely watched listings.

(This is a developing story. Please check back for updates.)

(Disclosure: Firstpost is a part of the Network18 Group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

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