Jio Platforms files DRHP for $4B IPO at $137B valuation, India's largest ever
Reliance's digital arm seeks $4 billion via fresh issue at $137 billion valuation, with Rs 27,500 crore earmarked for debt repayment. Reliance keeps 66.43%; Meta (9.99%) and Google (7.73%) stay invested. Pitch leans on 524M subscribers, 268M 5G users, and Rs 10 lakh crore AI investment.
Jio Platforms filed DRHP for India's largest-ever IPO seeking $4 billion at $137 billion valuation. Fresh issue only, with Rs 27,500 crore earmarked for debt repayment. Reliance retains 66.43%; Meta and Google stay invested. AI and 5G central to growth pitch.