The Economic Times

Jio IPO priced accessibly, proceeds to help clear $3 billion net debt: Isha & Akash Ambani

Jio Platforms has set an IPO price band of 1,065 to 1,119 per share. The company plans to raise around 30,000 crore during its initial public offering. Isha Ambani emphasized pricing the IPO accessibly for ensuring long-term shareholder value. Funds from the IPO will be used to reduce debt and support future growth initiatives. Jio's listing is expected to make RIL Group India's largest conglomerate by market capitalization.