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Jio IPO Priced Accessibly, Proceeds to Help Clear $3b Net Debt: Isha & Akash

Jio Platforms has set an IPO price band of ₹1,065 to ₹1,119 per share. The company plans to raise around ₹30,000 crore d...

Jio IPO Priced Accessibly, Proceeds to Help Clear $3b Net Debt: Isha & Akash
Source: Economic Times - Markets

Jio Platforms has set an IPO price band of ₹1,065 to ₹1,119 per share. The company plans to raise around ₹30,000 crore during its initial public offering. Isha Ambani emphasized pricing the IPO accessibly for ensuring long-term shareholder value. Funds from the IPO will be used to reduce debt and support future growth initiatives. Jio's listing is expected to make...

SOURCE: Economic Times - Markets
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