Reliance Board Approves Jio Platforms IPO; DRHP Filing Scheduled with SEBI
Reliance Industries Limited announced at its 49th AGM that the board of Jio Platforms has approved the Draft Red Herring Prospectus (DRHP) for its initial public offering (IPO), which will be filed with the Securities and Exchange Board of India (SEBI) on June 19. The IPO, led by Mukesh Ambani and the next generation of the promoter family, aims to showcase India's capability to build technology companies of global scale. The offering includes up to 27 crore equity shares, with pricing to be determined through book-building. This marks a significant milestone for Reliance and its shareholders, highlighting Jio's growth over the past decade and its role in transforming India's digital landscape.