Business & Economy · 65 views
BlackRock, GIC among investors chasing Indian telecom major Jio's IPO as anchor bids top $26 billion
India's Jio Platforms has seen the anchor investor quota for its initial public offering oversubscribed more than 30 times, according to a source familiar with the matter, drawing bids from top asset managers including BlackRock, Capital…
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India’s Jio Platforms has attracted anchor‑investor demand that exceeds the allotted quota by more than 30 times, according to a source familiar with the offering. Bids have come from major asset managers such as BlackRock, Capital Group and Singapore’s sovereign‑wealth fund GIC. The telecom and digital‑services giant, which is backed by Meta and Google, aims to raise up to 302 billion rupees (about $3.2 billion) in what would be India’s largest IPO by rupee value.
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