Jio IPO: Akash Ambani says Rs 30,213 crore issue will push company towards net debt-free status

Jio Platforms, a subsidiary of Reliance Industries, plans to raise up to Rs 27,500 crore through an Initial Public Offering (IPO). The proceeds will be used to repay borrowings and move towards a net debt-free status.

The company, led by Akash Ambani, also highlighted opportunities in India's projected $1.4 trillion digital economy by FY31.