Jio Platforms has received more than $20 billion in bids for what could become India’s biggest-ever IPO, Bloomberg reported as global and domestic investors line up for Mukesh Ambani’s telecom and digital-services business ahead of its expected launch next week.
Global investors including Fidelity, Allianz and Capital Group, along with other overseas and local institutions, have indicated interest in the offering, Bloomberg reported. The final list of anchor investors is likely to be decided in the coming days, though the process is still ongoing and no final decisions have been made.
