Jio Platforms board approves mega IPO; RIL to file DRHP with SEBI on June 19, 2026

Reliance's Jio Platforms cleared a fresh issue of up to 27 crore equity shares at Rs 10 face value, setting up what could be among India's largest IPOs. The digital arm, serving 524 million subscribers, anchors RIL's consumer-tech stack alongside Reliance Retail.

— FiledSat, 20 Jun, 2026, 01:18 IST·First seen Sat, 20 Jun, 2026, 01:14 IST·Source Moneycontrol · Results

What happened

Reliance's Jio Platforms board approved IPO with fresh issue of up to 27 crore equity shares at Rs 10 face value. RIL to file DRHP with SEBI on June 19, 2026.

Key facts

  • 27 crore equity shares
  • Rs 10 face value
  • 524 million subscribers

Why this matters

A listed Jio Platforms gives RIL stronger acquisition currency and partnership leverage in adtech, fintech, and content, while accelerating M&A timelines for digital assets seeking scale distribution.

Also reported by