Sebi seeks clarification from Jio Platforms on IPO filing

SEBI has sought clarifications from Jio Platforms on its draft IPO papers, which comprise a fresh issue of up to 27 crore equity shares with no offer-for-sale component. The proposed issue is expected to raise around Rs 35,000 crore, making it the largest public issue in India's capital markets history, with Rs 27,500 crore earmarked for debt repayment and the rest for network expansion, AI infrastructure and digital services.