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Reliance Begins Drafting Prospectus for Jio IPO, Eyeing Record‑Breaking Launch
Reliance moves ahead on draft IPO filing for Jio Platforms, targeting a blockbuster valuation.
Reliance Industries has started work on a draft prospectus for Jio Platforms, signalling preparations for what may become India’s largest‑ever IPO. The company is in talks with banks to file the offer once new IPO rules take effect. Market insiders suggest a potential valuation of up to US$170 billion and a fundraising target near US$4.3 billion under minimal dilution norms. This step brings Jio a major stride closer to public listing.