Jio Platforms said to target IPO in November, roadshows from next week

Jio Platforms, the digital and telecommunications arm of Reliance Industries, plans to kick off investor roadshows as early as next week across the US, Singapore, Hong Kong, London, and the Middle East, targeting a November IPO. The company could raise as much as $4 billion, having received SEBI approval on 28 August after filing draft documents on 19 June. The IPO comprises up to 270 million new shares, representing about 2.9 percent dilution, with part of the proceeds earmarked for debt repayment.