Jio Platforms eyes $3.8B Mumbai IPO at $180B valuation, biggest in India
Reliance Jio Platforms readies a ~$3.8B Mumbai listing at a $180B valuation on 500M subs and 60% data share. Parent-level raise reshapes group capital flows, with read-throughs for JioMart and Reliance Retail's omni-channel push. FY25 revenue $13.65B, PAT $2.8B; Meta 9.9%, Google 7.7%.
Reliance Jio Platforms plans a ~$3.8B Mumbai IPO, potentially India's largest, as fresh fund raise. Parent-level capital event for the Reliance conglomerate, whose retail arm depends on group capital flows and digital-commerce synergies via JioMart and Reliance Retail.