Jio Platforms raised ₹8,109.8 Cr from anchor investors ahead of its IPO

Jio Platforms allotted 7.25 Cr equity shares to anchor investors at ₹1,119 per share, raising ₹8,109.8 Cr, according to the report. The anchor allocation included subscriptions from domestic mutual funds, insurance companies and pension funds, as well as global investors, ahead of the IPO opening for public subscription on October 21.