BlackRock, GIC among investors chasing Indian telecom major Jio's IPO as anchor bids top $26 billion

AI Summary

Jio Platforms plans to raise up to $3.2 billion in an IPO, which would be India’s largest ever in rupee terms and second-largest in dollar terms. BlackRock, GIC and other investors are reportedly pursuing anchor allocations, with bids exceeding $26 billion.

Jio Platforms plans to raise up to $3.2 billion through an IPO, which is India's largest ever in rupee terms, but the second largest in dollar terms.