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The Economic Times

Business

Nikhil Agarwal

Rs 30,213 crore, 100 minutes, Rs 2.5 lakh crore: How Jio IPO broke 3 records even before listing

IPO Jio Jio Platforms Reliance Industries Hyundai Motor India India LIC Mutual Funds

Reliance Industries Ltd’s Jio Platforms has already rewritten India’s IPO record book before its public offering closes, with the digital unit attracting the biggest-ever issue size, the fastest subscription for a mega IPO and unprecedented anchor demand.

The ₹30,213 crore offering was fully subscribed within 100 minutes of opening on Wednesday, making it the fastest-ever subscribed IPO, according to data on the BSE website. The issue will remain open until October 23.

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Italy’s Meloni toughens protest laws: Teen detentions, parental liability, 5-year jail term

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Italy’s Meloni toughens protest laws: Teen detentions, parental liability, 5-year jail term

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Italian Prime Minister Giorgia Meloni's government has approved tougher security measures targeting protest-related violence, including prison terms of up to five years, fines of up to €20,000 and financial liability for parents whose children engage in vandalism or looting.

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Australian state leader contacted by police after failing to pay for petrol

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

California state workers launching 1-day strike over return-to-office mandate, pay and healthcare

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