JIO'S RECORD IPO TARGETS $3.2 BILLION

Reliance's ($RELIANCE) Jio Platforms opened subscriptions for India's largest-ever IPO, selling 270 million new shares to raise up to $3.2 billion. The offering surpasses Hyundai Motor India's $2.9 billion listing, the record it held since 2024. Jio Infocomm, the telecom arm behind the raise, is India's largest mobile carrier by subscribers.