Jio IPO draws interest from LIC, SBI MF, HDFC MF and India’s top insurers ahead of October 21 opening
The Reliance Industries has a strong presence in India's telecommunication market and has remained ahead of its rivals and competitors. As the Mukesh Ambani-led conglomerate continues expanding its footprints in Indian markets, the Jio Platforms is all set to open its initial public offering (IPO) on October 21 (Wednesday).ย It has attracted a significant interest from both domestic and international investors, with reports claiming that the aggregate demand has already reached around Rs 2.5 lakh crore, which is eight times more than the issue size of Rs 30,213 crore. Jio IPO draws domestic, global insurers, asset managers' interest Not just…