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Reliance is preparing Jio Platforms’ IPO, aiming for India’s biggest listing with up to $170 billion valuation.
Reliance Industries has begun drafting a prospectus for Jio Platforms’ potential IPO, aiming for India’s largest public listing, with a possible valuation of up to $170 billion.
The company is engaging banks informally ahead of a formal filing, expected after new SEBI rules take effect allowing minimal 2.5% share dilution for firms with a post-issue market cap above $55 billion.
If implemented, this could enable Jio to raise about $4.3 billion.
The IPO, possibly in early 2026, would surpass Hyundai Motor India’s $3.3 billion record.
Details remain subject to change.
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Reliance está preparando la IPO de Jio Platforms, con el objetivo de la mayor cotización de la India con una valoración de hasta $ 170 mil millones.