Reliance Awaits Regulatory Clarity Before Filing Jio Platforms IPO Prospectus

Reliance Industries is preparing to list Jio Platforms through what is expected to be India's largest IPO, potentially raising $4-4.5 billion. The company is awaiting final government notification on revised IPO regulations before filing its draft red herring prospectus. Jio's strategy head, Anshuman Thakur, stated that internal preparations are advanced, but execution depends on regulatory clarity. The IPO could occur within months, benefiting from eased public shareholding norms allowing extended timelines to meet minimum float requirements.