5 days ago

SEBI Clears IPO Plans for Jio Platforms and Six Others

SEBI Clears IPO Plans for Jio Platforms and Six Others
SEBI Approves IPO Plans Of Jio Platforms, Paras Healthcare, Bharat PET And Four Other Companies · freepressjournal.in

India’s market regulator has reviewed the IPO plans of seven companies.

An IPO is when a company offers shares to the public for the first time.

The companies can now continue preparing for their offerings.

Jio Platforms plans to issue new shares and use much of the money to repay debt.

Paras Healthcare plans to raise money through new shares and shares sold by existing investors.

Bharat PET also plans to combine new shares with shares sold by existing shareholders.

Paras Healthcare would use part of its new money to repay debt.

Bharat PET would spend some proceeds on debt repayment and machinery.

The other four companies received observations too, but the article does not provide details of their proposed offerings.

Key facts

Regulator
Securities and Exchange Board of India (SEBI)
Companies cleared
Seven
Observation dates
August 24 to August 28
Jio Platforms issue
27 crore fresh equity shares
Jio debt repayment allocation
₹27,500 crore
Paras Healthcare proposed IPO
Up to ₹1,800 crore
Bharat PET proposed IPO
Up to ₹760 crore

Sources

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