Jio Platforms files DRHP for India's largest-ever IPO at ₹27,500 crore
Akash Ambani's team has filed the DRHP with Sebi for Jio Platforms' market debut, offering 270 million shares (2.9% of post-issue capital). Proceeds of ₹27,500 crore are earmarked for debt repayment, with Morgan Stanley and Kotak Mahindra Capital leading the issue.
What happened
Jio Platforms filed DRHP with Sebi for what would be India's largest IPO, issuing 270 million shares (2.9%) with ₹27,500 crore earmarked for debt repayment, led
Key facts
- 270 million equity shares
- 2.9% post-issue share capital
- ₹27,500 crore
Why this matters
Jio's public market debut creates a listed comparable for digital-telecom convergence valuations and frees Reliance to pursue platform M&A using Jio scrip as currency.