Reliance's 'Project Jupiter' steers Jio toward India's biggest IPO at $100B+ valuation
Reliance Industries quietly engineered Jio Platforms' record IPO, restructured as a fresh issue raising ~$4 billion at a $100 billion-plus valuation via 2.9% dilution. Filed June 19, 2026, the parent-level capital flows are relevant to Reliance Retail's funding pipeline.
Reliance Industries' codenamed 'Project Jupiter' drove Jio Platforms toward India's largest-ever IPO, restructured as a fresh share issue raising ~$4 billion at a $100 billion-plus valuation, with parent-level capital flows relevant to Reliance Retail.