Jio Platforms files DRHP at Rs 10.7 lakh crore valuation; HFCL promoter's Rs 10 bet now worth Rs 5,800 cr
Jio Platforms has filed its DRHP with SEBI for a fresh-issue IPO valued at Rs 10.7 lakh crore, with Rs 27,500 crore earmarked to prepay Reliance Jio Infocomm debt. RIL retains 66.43%, Meta 9.98%, Google 7.73%. HFCL promoter's early Rs 48 crore stake is now valued at Rs 5,800 crore — a near 121x return.
Jio Platforms filed DRHP with SEBI for a fresh-issue IPO valued at Rs 10.7 lakh crore, using Rs 27,500 crore to prepay Reliance Jio Infocomm debt. RIL holds 66.43%; HFCL promoter's Rs 48 crore stake now worth Rs 5,800 crore.
Why this matters
Follows board approval for up to 27 crore fresh shares and confirms the $4B IPO size flagged in prior filings, now formalized via DRHP at a Rs 10.7 lakh crore valuation.
Retail-company signals steady at 3,444 over the last 90 days.