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The Economic Times

Business

Akash Podishetti

Jio IPO: LIC, BlackRock, Fidelity, GIC among 212 anchor investors to pour Rs 8,110 crore

BlackRock Fidelity LIC GIC Jio IPO Jio Platforms Mutual Funds Hyundai Motor India Abu Dhabi Investment Authority

Mukesh Ambani's Jio Platforms has raised nearly Rs 8,110 crore from 212 anchor investor accounts and schemes, including Life Insurance Corporation of India (LIC), BlackRock, Fidelity, Singapore's sovereign wealth fund GIC and Abu Dhabi Investment Authority, ahead of its record Rs 30,213 crore initial public offering opening for public subscription on Wednesday.

The telecom and digital services company allotted 7.25 crore shares to anchor investors at Rs 1,119 apiece, the upper end of its IPO price band, according to an exchange filing on Monday.

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