Reliance's Project Jupiter Prepares Jio Platforms for India's Largest IPO in 2026
Mukesh Ambani and Reliance Industries Ltd. have been preparing for Jio Platforms Ltd.'s initial public offering (IPO), internally called Project Jupiter, aiming for the first half of 2026. The effort involved managing regulatory changes, persuading major investors to sell shares, and maintaining strict secrecy with limited communication among a small group of executives and bankers. The IPO plan evolved from an offer-for-sale to a primary issue, positioning Jio for India's largest stock market listing. The draft prospectus was filed shortly after Ambani's announcement at the annual shareholder meeting.