Updated

Jio Platforms, the Indian telecom giant, is seeking to raise up to $3.2 billion through an initial public offering, with anchor bids reportedly topping $26 billion from investors including BlackRock and Singapore's GIC. The offering, reported on October 20, 2026, is set to be India's largest-ever IPO in rupee terms and the second largest in dollar terms. The heavy demand underscores strong global investor appetite for exposure to India's telecom and digital infrastructure market through Jio, part of Reliance Industries' telecom arm. The scale of anchor investor interest signals confidence in the offering ahead of its broader market debut.