Jio Platforms files DRHP, to use Rs 27,500 cr of IPO proceeds for debt repayment
Reliance's Jio Platforms filed its draft IPO papers on June 19, 2026, earmarking up to Rs 27,500 crore for prepaying borrowings against net debt of Rs 27,579 crore as of March 2026, with the balance going toward general corporate purposes.
What happened
Reliance's Jio Platforms filed DRHP for an IPO, earmarking up to Rs 27,500 crore of proceeds for debt prepayment and the rest for general corporate purposes,
Key facts
- Rs 27,500 crore IPO proceeds for debt prepayment
- Net debt Rs 27,579 crore as of March 2026
- DRHP filed June 19, 2026
Why this matters
A debt-free Jio post-IPO gains firepower for inorganic moves in content, devices, and enterprise digital, raising the urgency to lock in partnerships or assets before its acquisition multiples reset upward.