Jio IPO Use of Proceeds: Why Rs 27,500 Crore Goes to Debt Repayment

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2026-10-24 10:25:41 -

Where the money from the Jio IPO goes, why most of it repays loans and what that means for profit and shareholders. A record issue invites a simple question: what will the money do? The headline numbers Issue size: Rs 30,213 crore. Structure: fresh issue of about 270 million shares with a face value of Rs 10. No offer for sale, so existing investors such as Meta and Google are not...

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