Jio Platforms Sets New IPO Milestone as Investor Bids Surge Past $77 Billion

Jio Platforms, the telecommunications and digital services business backed by billionaire Mukesh Ambani’s Reliance Industries, has set a new benchmark in India’s capital markets after attracting more than $77 billion in bids for its initial public offering (IPO). The offering became India’s most subscribed IPO by investor demand, reflecting strong interest in the country’s telecommunications…