Jio IPO Draws Nearly ₹2.5 Lakh Crore Demand from Global, Indian Investors
What Happened
Jio Platforms’ upcoming IPO has attracted nearly ₹2.5 lakh crore in institutional demand, according to people cited by Moneycontrol. Interested investors include GIC, Norges Bank Investment Management, ADIA and QIA, along with LIC, SBI Mutual Fund, HDFC Mutual Fund, Fidelity, Capital Group and BlackRock. The report also says technology-focused global funds and large family offices have shown interest.
Key Takeaways
The reported demand indicates strong institutional interest ahead of Jio Platforms’ market debut, with participation spanning sovereign wealth funds, asset managers, mutual funds and insurers.