Evening Wrap: India Today

SEBI approved Jio Platforms' $3.8 billion IPO on Friday, clearing the path for what could be India's largest-ever public listing. Reliance Industries' digital and telecom arm plans to issue 27 crore fresh equity shares — a 2.93% stake dilution — with roughly ₹27,500 crore earmarked to prepay loans at subsidiary Reliance Jio Infocomm. Jio Platforms, housing 533.3 million subscribers and reporting ₹45,961 crore in Q1 revenue (up 12% YoY), is expected to seek a...