Jio Platforms board clears 27 cr share IPO; DRHP to be filed Friday in India's biggest listing
Reliance's digital arm secured board approval for a fresh issue of up to 27 crore shares at ₹10 face value, with DRHP filing imminent. Ambani called it RIL's biggest value-creation event, backed by 66.43% RIL and 9.99% Meta stakes, ₹10 lakh crore AI commitment, and 60,000 daily broadband additions.
What happened
Jio Platforms board approved DRHP filing with SEBI for fresh issue of up to 27 crore shares. Ambani called it Reliance's biggest value-creation event, with
Key facts
- 27 crore shares
- ₹10 face value
- 66.43% RIL stake
- 9.99% Meta stake
- $5.7 billion
- $20 billion raised in 2020
- ₹10 lakh crore AI investment
- 60,000 daily broadband adds
Why this matters
Jio's listing creates a publicly-priced acquisition currency and a benchmark for digital-telecom valuations, accelerating M&A and partnership conversations across the ecosystem.