Jio Platforms files DRHP for IPO; 27 cr fresh shares as Reliance pivots to AI growth engine
Mukesh Ambani announced Jio Platforms' IPO at RIL AGM with DRHP filed same day, offering 27 crore fresh equity shares at Rs 10 face value. Reliance Intelligence positioned as next AI-led growth pillar serving 1.5 billion Indians, with partnerships across Google, Meta and NVIDIA underpinning the digital infrastructure thesis.
What happened
Reliance announced Jio Platforms IPO at AGM, with DRHP to be filed with SEBI same day, offering 27 crore fresh equity shares at Rs 10 face value; Ambani
Key facts
- 27 crore fresh equity shares
- Rs 10 face value
- 1.5 billion Indians
- 10 years
Why this matters
Jio's IPO and AI pivot signal aggressive M&A and partnership appetite across digital infrastructure—scout adjacent AI, cloud, and consumer-tech targets before valuations reset on the back of this listing.