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Jio Platforms approves DRHP, proposes fresh issue of up to 27 crore shares in IPO

The company plans to raise funds through a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each, with the final issue price to be decided through the book-building process

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Jio Platforms board approves IPO draft prospectus. Pic/Reliance

Jio Platforms board approves IPO draft prospectus. Pic/Reliance

Jio Platforms Limited (JPL), the digital and telecom arm of Reliance Industries, on Friday announced that its board approved the Draft Red Herring Prospectus (DRHP) for filing with market regulator SEBI. 

The DRHP is set to be filed with the Securities and Exchange Board of India (SEBI), along with BSE Limited and the National Stock Exchange of India (NSE), it said in its exchange filing.

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