Jio Platforms plans to raise around Rs 30,213 crore through a fresh issue of up to 27 crore shares. The price band has been set at Rs 1,065–Rs 1,119 per share, placing the company’s implied valuation at approximately $108 billion, according to the offer documents, PTI reported. Part of the proceeds will go towards repaying debt at its telecom subsidiary, while the remaining funds are intended for general corporate purposes. Reliance Industries Ltd, controlled by billionaire Mukesh Ambani, will retain a majority stake in Jio Platforms following the listing.