MumbaiJio Platforms seeks up to ₹30,213 crore, India’s largest offering.
Every share is new, and proceeds prepay Reliance Jio Infocomm’s borrowings, the prospectus says.
The band of ₹1,065-1,119 values Jio at ₹10.3 lakh crore, short of the ₹11 lakh crore once sought.
Bidding runs 21 to 23 October and shares are expected to begin trading 28 October.
How each outlet framed it
drawn from 250+ reports worldwide
- Rediff.com India Ltd. leans favorable
- opens on Isha Ambani's failed 2009-10 college-assignment upload as the origin story for Jio, then ties the IPO to Reliance's long-term-scale philosophy
- Hindustan Times leans favorable
- anchors the IPO in Jio's 5G rollout across all 33 Gujarat district headquarters and the Reuters-reported Rs 10.3 trillion valuation
- News18 leans favorable
- frames Jio as a digital-connectivity platform reshaping India, with Uday Kotak's endorsement and the 53 crore customer base
Sources: Rediff.com India Ltd., Hindustan Times, News18