Jio Platforms gets Sebi nod for 37.7k cr IPO, set to be India's biggest

Jio Platforms received Sebi clearance for its initial public offering. The company aims to raise up to four billion dollars in this debut. This offering is expected to become India's largest stock market listing. Jio plans a pure primary issue, with proceeds retiring debt. Reliance Industries holds a majority stake in Jio Platforms.