Jio Platforms, Reliance Industries' digital arm, has filed for India's largest-ever IPO worth $4 billion, aiming to issue 270 million equity shares and prioritize debt repayment.
Jio Platforms files $4B IPO (India's largest) with 524.4M customers and 60% wireless data market share. IPO consolidates 5G dominance; 51.9% EBITDA margins and AI-driven automation patents signal India telco infrastructure now globally viable.
The net proceeds from the IPO will be used to repay or prepay outstanding borrowings
Jun 20, 2026
09:39 am
What's the storyJio Platforms, the digital subsidiary of Reliance Industries, has filed a draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO) expected to raise around ₹37,000 crore ($4 billion).
The move is aimed at raising funds primarily to pay off debt.
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