Jio Platforms Ltd’s planned Rs 30,000 crore initial public offering (IPO) is drawing strong interest from global and domestic investors, with existing marquee backers also seeking to increase their holdings rather than sell, according to people familiar with the matter.
The telecom and digital services arm of billionaire Mukesh Ambani’s Reliance Industries has completed international roadshows across the Americas, Europe and Southeast Asia. Akash Ambani and Isha Ambani have personally met investors across these regions and have been travelling regularly for the roadshows, the people said. Jio is being positioned as a technology company rather than merely a telecom business.
