The much-awaited Jio Platforms IPO is set to be a landmark event for India’s primary market, with the Reliance Industries subsidiary planning to raise over Rs 30,000 crore in what is the country’s largest-ever public issue.
The fresh issue of 27 crore equity shares will also bring a change in the shareholding pattern, diluting the percentage stakes of existing investors even as the number of shares they hold remains unchanged.
