Company Update
Jio Platforms IPO valuation faces reality check
Jio Platforms plans a record IPO raising up to 302 billion rupees (~$3.2 bn) at 1,065‑1,119 rupees per share, valuing the company at about $108 bn, down from earlier $130 bn expectations. The IPO aims to clear 275 bn rupees of telecom debt and fund green AI infrastructure and a low‑earth‑orbit satellite network. Investors question Jio’s tech positioning despite stakes from Meta and Google.