Reliance unveils India's biggest IPO plan as Jio Platforms files DRHP (opens original article in a new tab)

Jio Platforms, Reliance's digital arm, files for India's largest IPO to raise $4 billion, aiming to value the company at $138 billion, with funds allocated for 5G expansion and debt reduction. The IPO will allocate up to 50% of shares to institutional buyers and 35% to retail investors.

• Jio Platforms files DRHP for India's largest IPO, aiming to raise $4 billion
• IPO could value Jio Platforms at $138 billion, with proceeds for 5G expansion and debt reduction
• Up to 50% of shares allocated to institutional buyers, 35% to retail investors