Jio Platforms files for India's largest-ever IPO

Jio Platforms filed for a $3.8 billion IPO, India's largest ever, with $2.9 billion earmarked to repay its telecom unit's foreign currency debt. The IPO consists of up to 270 million new shares, with proceeds also going toward general corporate purposes. Nineteen banks, including Morgan Stanley and Goldman Sachs, are managing the offering.