Jio Platforms files DRHP for India's largest-ever IPO at $4 billion

Reliance's digital arm Jio Platforms has filed draft papers for a $4 billion IPO, issuing 270 million fresh shares representing 2.9% of post-issue capital. Proceeds will repay Rs 27,500 crore in debt. This marks the first Reliance Group IPO since 2008, with the platform serving 524.4 million customers.

— FiledMon, 22 Jun, 2026, 13:04 IST·First seen Mon, 22 Jun, 2026, 13:03 IST·Source Moneycontrol

What happened

Jio Platforms, Reliance's digital arm, filed DRHP for India's largest-ever IPO at $4 billion, issuing 270 million fresh shares (2.9% post-issue) to repay Rs

Key facts

  • $4 billion
  • 270 million equity shares
  • 2.9% post-issue capital
  • Rs 27,500 crore debt repayment
  • 524.4 million customers

Why this matters

A public Jio Platforms creates a listed acquisition currency and benchmark valuation for India's digital ecosystem, likely accelerating partnership, JV, and M&A activity across telecom, fintech, and media adjacencies.

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