Top India telecom and digital company to file for IPO

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Reliance Industries has initiated the public offering for Jio Platforms, targeting a $4 billion raise to drive growth and reduce debt.

NEW DELHI: Reliance Industries has officially moved to take its digital and telecom giant, Jio Platforms, public by filing its Draft Red Herring Prospectus (DRHP) on June 19, 2026. Announced by Chairman Mukesh Ambani at the company’s 49th Annual General Meeting, the offering is projected to raise approximately $4 billion.

The primary objective of this capital infusion is to reduce debt at the company’s subsidiary, Reliance Jio Infocomm, which is India’s largest wireless operator. Beyond debt reduction, Reliance aims to demonstrate that India can build technology companies of global scale and value.

This highly anticipated financial move is expected to reshape the capital markets and garner substantial attention from both domestic and international investors.