Jio Platforms files DRHP; brokerages peg valuation at $115-128 billion

Jio Platforms has filed its draft red herring prospectus for an IPO comprising 27 crore fresh shares, with proceeds earmarked for debt reduction. Brokerages value the unit at $115-128 billion, marking a pivotal step in Reliance's broader value-unlocking strategy across its consumer and digital businesses.

— Filed Tue, 23 Jun, 2026, 01:18 IST · Source Moneycontrol · Updated

Jio Platforms has filed its DRHP for an IPO comprising 27 crore fresh shares, with proceeds aimed at debt reduction. Brokerages value the unit at $115-128 billion, advancing Reliance's value-unlocking strategy across its consumer and digital businesses.

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