Jio files DRHP, targets end-2026 listing; brokerages see up to 28% upside for RIL
At RIL's 49th AGM, Jio Platforms filed its DRHP with SEBI for a listing by end-2026. Jefferies, Nomura and Motilal reiterated Buy on RIL, with targets up to Rs 1,675 (28% upside), citing telecom, retail, FMCG and AI roadmaps. Jio valued at Rs 11-12 trillion with 524 million subscribers.
At RIL's 49th AGM, Jio Platforms filed its DRHP with SEBI targeting a listing by end-2026. Brokerages Jefferies, Nomura, Motilal reiterated Buy with up to 28% upside, citing telecom, retail, FMCG, and AI growth roadmaps.