Jio Platforms attracts more than $20B in bids ahead of record India IPO

Jio Platforms has attracted over $20 billion in bids for its upcoming IPO, aiming to raise about $108 billion, making it India's largest listing. The price target has been lowered from earlier estimates due to market competition and timing. Proceeds will fund a satellite broadband project and repay debt, with major investors retaining their stakes.