Jio Platforms Raises About ₹8,110 Cr From Anchor Investors
Summary
Jio Platforms raised about ₹8,109.8 crore from anchor investors before opening its public issue. The company allotted 7.25 crore shares at ₹1,119 each, attracting major domestic mutual funds, insurers, pension funds, and global investors. The IPO aims to raise ₹30,213 crore at the upper end of the price band and would value the company at about ₹10.3 lakh crore. Jio plans to use the proceeds to reduce subsidiary debt tied to 5G infrastructure and spectrum spending and to support broader corporate purposes.
Funding
Amount
$977.8M
Total raised
Date
October 19, 2026
Announcement date
Investors
Aditya Birla Sun Life Mutual Fund, Goldman Sachs, Life Insurance Corporation of India, SBI Life Insurance, BlackRock, Abu Dhabi Investment Authority, State Bank of India, Allianz, Bank of America, Fidelity Labs, ICICI Prudential Mutual Fund
Lead investors
Company
jio.com
Funded company
AskAI Classifications
Sectors
Telco and ISP
VOIP and UCaaS Software
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
Jio
$10M to $25M