Strong buzz! Reliance Jio said to see over $20 billion bids as investors line up for India's biggest IPO

Reliance Jio's upcoming IPO has received bids worth over $20 billion from global investors, including Fidelity, Allianz, and Capital Group. The issue could raise around Rs 30,200 crore at a valuation of Rs 10.3 lakh crore, making it India’s largest-ever IPO.