Jio Platforms files DRHP; brokerages peg valuation at $115-128 billion
Jio Platforms has filed its draft red herring prospectus for an IPO comprising 27 crore fresh shares, with proceeds earmarked for debt reduction. Brokerages value the unit at $115-128 billion, marking a pivotal step in Reliance's broader value-unlocking strategy across its consumer and digital businesses.
What happened
Jio Platforms has filed its DRHP for an IPO comprising 27 crore fresh shares, with proceeds aimed at debt reduction. Brokerages value the unit at $115-128
Key facts
- 27 crore fresh shares
- $115-128 billion valuation
Why this matters
The DRHP establishes a public comparable for Indian digital-telecom assets at $115-128B, reshaping deal benchmarks and accelerating timelines for partnership, stake-sale, or carve-out conversations across the sector.
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