The Economic Times

Jio IPO: LIC, BlackRock, Fidelity, GIC among 212 anchor investors to pour Rs 8,110 crore

Jio Platforms successfully raised approximately Rs 8,110 crore from 212 anchor investors before its upcoming IPO. The company allotted shares to well-known investors such as LIC, BlackRock, and Fidelity. These allocations indicate strong interest from both domestic and global institutional investors. The IPO is expected to surpass the previous record held by Hyundai Motor India. Jio Platforms aims to achieve an equity valuation of nearly Rs 10.3 lakh crore.