Jio Platforms board clears 27 Cr share IPO; DRHP filing slated for Friday at $57-65B valuation
Reliance's digital arm greenlights fresh issue of up to 27 crore equity shares ahead of SEBI filing. RIL holds 66.43%, Meta 9.99% post-$5.7B injection. Listing sets stage for Ambani succession and follow-on monetisation of retail and AI verticals backed by Rs 10 lakh crore commitment.
What happened
Jio Platforms board approved DRHP filing with SEBI for IPO of up to 27 crore fresh equity shares. Reliance parent-level capital event with implications for
Key facts
- 27 crore shares
- Rs 10 face value
- 66.43% RIL stake
- 9.99% Meta stake
- $5.7 billion Meta investment
- $20 billion 2020 raise
- $57-65 billion valuation
- Rs 10 lakh crore AI investment
- 60,000 broadband connections/day
Why this matters
Jio's public currency plus the Rs 10 lakh crore commitment signals an imminent acquisition window across adtech, AI infrastructure, and retail logistics, making partnership or defensive positioning urgent for India-exposed targets.
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