Markets #reliance#jio platforms
Jio Platforms Files for India's Largest IPO: $4 Billion Raise, Meta and Google Backing, AI Ambitions
Jio Platforms has filed draft papers for a $4 billion IPO, aiming to be India's largest-ever public issue. The fresh-issue-only offering will value the company at roughly $137 billion. Proceeds will primarily reduce debt, with Reliance Industries retaining control. Key backers include Meta (9.99%) and Google (7.73%).
Jun 19, 2026 1 source