Jio Platforms Limited has filed its Draft Red Herring Prospectus with SEBI for a $3 billion IPO
The issue will comprise 27 crore new equity shares with no offer-for-sale component
The company signals a focus on fresh capital infusion, likely aimed at debt repayment and future expansion
Reliance Jio Files DRHP for $3 Bn IPO; Debt Repayment In Focus
According to the company's regulatory filing, it plans to issue 27 crore equity shares, while there is no offer for sale (OFS) component
Jio Platforms
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Jio Platforms Limited (JPL) has filed the Draft Red Herring Prospectus (DRHP) for its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI) on Friday.
The move comes after Mukesh Ambani, Reliance Industries Limited (RIL) MD and Chairman, had said earlier in the day that the company's Board had granted approval for the company to go public.
According to the company's regulatory filing, it plans to issue 27 crore equity shares, while there is no offer for sale (OFS) component.