Reliance files Jio IPO DRHP; Jefferies, Nomura, Motilal see up to 28% upside
At its 49th AGM, Reliance filed Jio Platforms' DRHP with SEBI targeting a listing by end-2026, valuing Jio at Rs 11-12 trillion ($117-127B). Brokerages reiterated Buy with targets of Rs 1,640-1,675. Growth spans telecom, retail manufacturing/exports, RCPL brands, energy and AI.
At its 49th AGM, Reliance filed Jio's IPO DRHP with SEBI (listing by end-2026) and outlined growth across telecom, retail manufacturing/exports, RCPL consumer brands, energy and AI. Jefferies, Nomura, Motilal reiterated Buy with up to 28% upside.