Jio Platforms's $4.3 billion IPO plan delayed
Business
Jio Platforms, Reliance Industries's digital powerhouse, has to wait longer for its big IPO debut.
The plan to file by April 2026 is now delayed because the government has not finalized new Securities and Exchange Board of India (SEBI) listing rules yet.
Jio's valuation and potential IPO proceeds
Bankers are eyeing a massive $170 billion valuation for Jio Platforms. Selling just 2.5% of the company could bring in around $4.3 billion.
For context, Jio previously raised funds from investors including Meta and Alphabet across 2020 and 2021.
Ambani's plans for Jio IPO
Jio runs India's largest wireless network and provides wireless, entertainment and cloud services.
Mukesh Ambani had set his sights on an IPO in the first half of 2026, but regulatory paperwork is holding things up for now.