Jio Platforms files draft prospectus for India's biggest IPO under secret Project Jupiter
Reliance targets an H1 2026 listing to raise ~$4 billion via an all-primary issuance, with backers KKR, Meta and Alphabet diluting roughly 8% pro-rata. The deal, valuing Jio around Rs 5 lakh crore, has enlisted 19 advisers including Kotak Mahindra Capital and Morgan Stanley.
Reliance filed a draft prospectus for Jio Platforms' IPO under secret Project Jupiter, targeting India's biggest listing to raise ~$4 billion via all-primary issuance, with investors KKR, Meta and Alphabet diluting ~8% pro-rata.