Jio IPO to Accelerate Debt Reduction as Akash Ambani Flags Net Debt-Free Path
Jio Platforms plans to deploy up to Rs 27,500 crore from its proposed Rs 30,213 crore IPO to repay borrowings, a move that could materially strengthen the company’s balance sheet and push it closer to net debt-free status. Akash Ambani said the listing also positions the business to capture a larger share of India’s fast-expanding digital economy, which he projected could reach $1.4 trillion by FY31.
