Strong buzz! Reliance Jio said to see over $20 billion bids as investors line up for India's biggest IPO

Jio Platforms has received over $20 billion in bids ahead of its proposed IPO, Bloomberg reported, with global investors including Fidelity, Allianz and Capital Group expressing interest. The issue could raise around Rs 30,200 crore at a valuation of Rs 10.3 lakh crore, making it India’s largest-ever IPO.