Jio Platforms files $4bn IPO set to be India's biggest
Business
Jio Platforms, Reliance's digital powerhouse, just filed for a $4 billion IPO, set to be India's biggest ever.
The plan? Offer up 270 million new shares, which is about 2.9% of the company after the sale.
Jio Platforms to repay ₹27,500cr debt
Most of the cash raised will help Jio Platforms pay off ₹27,500 crore in debt, with the rest set aside for general business needs.
This marks Reliance Group's first IPO since 2008.
By March 2026, Jio had 524.4 million users and handled a massive 60% of all India's wireless data traffic, plus it led fixed broadband growth with millions more home users.