Jio Platforms files DRHP for India's largest IPO; 270M shares, ₹27,500 cr earmarked for debt repayment
Reliance's first consumer-facing listing under Akash Ambani offers ~2.9% post-issue stake. Morgan Stanley and Kotak Mahindra Capital lead the historic float, signaling a watershed moment for India's digital and retail-adjacent capital markets.
Jio Platforms filed DRHP with Sebi for what is set to be India's largest IPO, issuing 270 million shares (~2.9% post-issue) with ₹27,500 crore earmarked for debt repayment. Reliance Group's first consumer-focused listing, led by Akash Ambani.