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Jio Platforms' IPO draws Rs 2.5 lakh crore in anchor bids

Jio Platforms' IPO anchor bids reached Rs 2.5 lakh crore.

What happened: Jio Platforms' IPO drew Rs 2.5 lakh crore in anchor bids, with global investors including BlackRock Global Funds, Capital Group, Fidelity, ADIA, Norway's Government Pension Fund Global and Morgan Stanley Investment Funds participating. Key numbers: Rs 2.5 lakh crore in anchor bids. Why it matters: The anchor book drew a broad roster of overseas institutional investors, including sovereign funds and major asset managers, ahead of the listing. Coverage: 3 outlets in 24h
Jio Platforms' IPO drew Rs 2.5 lakh crore in anchor bids, with global investors including BlackRock Global Funds, Capital Group, Fidelity, ADIA, Norway's Government Pension Fund Global and Morgan Stanley Investment Funds participating.
The anchor book drew a broad roster of overseas institutional investors, including sovereign funds and major asset managers, ahead of the listing.
Sources