GENERAL19 Oct 2026
Jio Platforms allots ₹8,110 crore of shares to anchor investors
Jio Platforms has allotted 7.247 crore shares to anchor investors at ₹1,119 apiece, raising ₹8,110 crore (about $854 million) ahead of India's biggest-ever share sale. The ₹30,200-crore offer opens 21 October and closes 23 October, with ₹2,500 crore reserved for eligible Reliance shareholders and ₹500 crore for employees at a discount of about 5%.
Key Statutory Highlights
- Anchor investors received 7.247 crore shares at ₹1,119 each, the top end of the ₹1,065 to ₹1,119 price band.
- BlackRock, Fidelity, Capital Group and Allianz took anchor stakes, along with sovereign funds such as ADIA, GIC, QIA and Norges.
- The offer covers 27 crore shares, about 2.9% of post-issue equity, and seeks a valuation of up to ₹10.3 lakh crore.
Actionable Advice for Taxpayers / Founders:The subscription window runs from 21 October to 23 October. The issue keeps up to ₹2,500 crore of shares for eligible Reliance Industries shareholders and up to ₹500 crore for eligible employees, who get a discount of about 5%.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: