BlackRock, GIC among investors chasing Indian telecom major Jio’s IPO as anchor bids top $26 billion
Summary
Prominent institutional investors, including BlackRock and GIC, are showing strong interest in the upcoming initial public offering of Jio Platforms. The Indian telecommunications giant is aiming to secure up to $3.2 billion through the share sale, generating massive demand with anchor bids already exceeding $26 billion.
Jio Platforms plans to raise up to $3.2 billion through an IPO, which is India's largest ever in rupee terms, but the second largest in dollar terms.
Source: Read the full story at US Top News and Analysis
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