Saturday, 20 June, 2026
Ambani’s Megadeal: Reliance Files for India’s Biggest-Ever $4 Billion Jio IPO
By TechShots Studio
Jio Platforms, the digital arm of Reliance Industries, has filed its draft papers (DRHP) with SEBI for a record-breaking $4 billion initial public offering. The 100% fresh issue of 270 million shares could value the company at up to ₹13 lakh crore ($138 billion). Reliance plans to use ₹27,500 crore of the proceeds to aggressively pay down debt and fund massive 5G and AI infrastructure expansion.
Read full story at CIO ECONOMIC TIMES