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Jio Platforms Secures Sebi Nod for $3.8B IPO in India
Jio Platforms has received Sebi approval for its $3.8 billion IPO, marking a significant milestone in India's stock market. This listing could become the largest in the country, with plans to raise around $4 billion to reduce debt at Reliance Jio Infocomm. The move comes as India's primary market activity sees a strong revival, highlighting investor confidence in the telecom sector.
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