Low-cost broadband provider Jio Platforms aims for £81 bn valuation when it floats on the stock market on Wednesday Business live – latest updates India’s second-richest man, Mukesh Ambani, is launching what could be the country’s biggest-ever initial public offering (IPO), despite a stock market downturn.
Mumbai-based Jio Platforms, a telecoms company backed by Meta Platforms and Google, is hoping to raise up to 302 bn rupees (£2. 4 bn) and is targeting a 10. 3 tn rupees (£81 bn) valuation when it floats on the stock market from Wednesday. Continue reading...