Jio Platforms launches India's largest-ever IPO, targets $81bn valuation

Jio Platforms, backed by Meta and Google, is set to launch India's biggest IPO, aiming to raise up to ₹302bn ($2.4bn) at a valuation of ₹10.3tn ($81bn), despite a market downturn. The float tests investor appetite for telecom assets amid a broader equity slump, with implications for Indian capital markets and tech valuations.