Jio Platforms Receives Sebi Approval for Record $3.8 Billion IPO

29 Aug 2026, 9:52 am · 14d ago · 1 min read · YourStory

Amount

$3.8B

Stage

IPO

Reliance Industries subsidiary Jio Platforms has secured approval from the Securities and Exchange Board of India to proceed with an initial public offering to raise approximately $3.8 billion (Rs 37,700 crore). The market regulator issued its observation letter on August 28 following draft papers filed in June. Jio Platforms plans to issue up to 27 crore fresh equity shares, representing 2.9% of its post-issue base, valuing the digital and telecom behemoth at roughly $137 billion. Most proceeds will repay Rs 27,500 crore in outstanding debt of Reliance Jio Infocomm.