Fossil Fuels
India's market regulator has approved Jio Platforms $3.8 billion IPO
India's'markets regulator' approved Mukesh Ambani's Jio Platforms $3.8 billion initial 'public'?offering Friday, paving the way for what could be India's largest listing. Reliance Jio, the largest mobile operator in terms of subscribers by country after China Mobile, had 524.4 millions subscribers at the end of March. In recent weeks, several IPOs attracted a large number of retail and wealthy investors. In less than two weeks since July 1, more than two dozen IPOs were launched or announced, nearly matching the 28 IPOs in the first half 2026. Jio Platforms intends to 'use the majority of the IPO proceeds in order...