Jio Platforms reportedly plans October 21 IPO and seeks ₹11 lakh crore valuation

Reuters, citing two sources, reported that Jio Platforms planned to launch a roughly $3.8 billion IPO on October 21, with shares expected to list October 28. The Financial Express says Motilal Oswal cited Bloomberg's report that Jio was seeking an approximately ₹11 lakh crore valuation. The brokerage says a listing at that valuation could prompt investors to revalue Bharti Airtel. A user warned against trading unlisted shares based on daily rumors.