Business News: Reliance Gears Up For Record Jio IPO, Targets 4.2 Lakh Staff & ₹30,200 Crore

Описание: Reliance Industries is preparing for what could become India's largest initial public offering as Jio Platforms looks to raise up to thirty thousand two hundred and thirteen crore rupees. The group has reached out across its nearly 4.2 lakh strong workforce to encourage investment, reportedly releasing October salaries fifteen days early and assessing if staff and their families hold Demat and trading accounts. Eligible Jio employees receive a reserved quota with a five per cent discount, while Reliance shareholders have a separate reservation. Priced between one thousand sixty-five and one thousand one hundred and nineteen rupees per share, the offering could value Jio Platforms at over ten lakh crore rupees. With anchor bids opening on October nineteenth and public subscriptions on October twenty-first, the debut also marks a pivotal leadership milestone for next-generation leaders Akash Ambani and Isha Ambani as the group seeks to become India's largest conglomerate by listed market capitalisation.

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