Jio Platforms Secures SEBI Approval for $3.8B IPO

Jio Platforms has received SEBI's approval to issue up to 27 crore fresh equity shares, equivalent to about 2.9% of post-issue equity, in what could value the company at approximately $137 billion. For builders in fintech and digital services, this signals mega-scale consolidation and capital reallocation — watch how the IPO affects valuations across India's digital ecosystem.

Source: YourStory ↗