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Jio Financial Services will raise 15,825 crore by issuing convertible warrants. Sikka Ports and Jamnagar Utilities will be issued these warrants. The capital will be used for investments in insurance and lending ventures. Jio has tied up with BlackRock for mutual funds. Jio Financial's board approved the issuance of warrants at Rs 316.50 apiece.
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Indian smaller cities are increasingly participating in the IPO market. Data shows a significant rise in the number of companies from these regions going public. They raised substantial funds through IPOs in recent years. This trend is expected to continue, with more companies planning to tap the capital markets.
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News and Media
The Facebook, Instagram and WhatsApp-owner is pumping billions of dollars into artificial intelligence projects.
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News and Media
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