Capital markets regulator Sebi has sought clarifications from Jio Platforms on its draft red herring prospectus (DRHP), marking the next step in the regulatory review process for what is expected to be one of India's biggest initial public offerings.
The observations from Sebi come after Jio Platforms filed its draft papers for a proposed IPO comprising an entirely fresh issue of up to 27 crore equity shares, with no offer-for-sale (OFS) component. The company is expected to raise around Rs 35,000 crore, making it the largest public issue in India's capital markets history.
