Jio Platforms poised for India's largest IPO. The telecom and digital arm of Reliance Industries is expected to file its Draft Red Herring Prospectus with market regulator Sebi in the coming days, with listing anticipated in the first half of 2026. The offering will be structured as an offer for sale, with multiple foreign investors including Meta, Google, KKR, and Vista Equity Partners preparing to reduce their stakes. Jefferies valued Jio at USD 180 billion, while JP Morgan estimated USD 136 billion. The company previously raised Rs 1,52,056 crore from over a dozen institutional investors. Chairman Mukesh Ambani has positioned this IPO as a landmark opportunity to demonstrate Jio's ability to create value comparable to global technology leaders.
