Jio Platforms files DRHP for Rs 27,500 crore IPO, proceeds to clear matching debt pile
Reliance Jio Platforms has filed draft papers for an IPO of around Rs 27,500 crore, with proceeds primarily earmarked for debt prepayment and general corporate purposes. The sizing closely matches its Rs 27,579 crore net debt projected as of March 2026.
What happened
Reliance Jio Platforms has filed its DRHP for an IPO, with around Rs 27,500 crore of proceeds earmarked mainly for debt prepayment and general corporate
Key facts
- Rs 27,500 crore
- Rs 27,579 crore net debt as of March 2026
Why this matters
A listed Jio with cleaned-up debt creates a scrip-ready vehicle for future M&A, content-telecom bundling, and potential strategic partnerships in digital and AI infrastructure.
Also reported by
- Moneycontrol — 1h after first sighting
- Moneycontrol — 1h after first sighting