BlackRock, GIC among investors chasing Jio's IPO as anchor bids top $26 billion

India's Jio Platforms secured $26.3 billion in anchor bids for its initial public offering, more than 30 times oversubscribed. BlackRock, GIC, and Capital Group participated in the allocation of 72.47 million shares at 1,119 rupees each. The company plans to raise up to $3.2 billion, valuing the telecommunications and digital services firm at approximately $108 billion.

Source: BlackRock, GIC among investors chasing Jio's IPO as anchor bids top $26 billion — CNBC

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Topics: jio · jioipo · reliance · blackrock · ipo · stockmarket · india