Key Highlights
- in 2024. By November, the informal talks had progressed to such an extent that the investment bankers—yet unchosen—were proposing a valuation of as much as $170 bilion (~ ₹15.3 lakh crore) for Jio Platforms.
- That's higher than peer Bharti Airtel Ltd.'s market capitalisation of ₹12 lakh crore. In December, RIL reportedly started work on a draft red-herring prospectus.
- The filing of the DRHP and formal appointment of bankers will happen after new rules on Indian IPOs come into effect. In January 2026, Reuters reported that Reliance Industries is eyeing a 2.5% stake sale in Jio Plaforms at an estimated valuation of $180 billion. According to Jefferies, Jio Platforms' valuation stands at $180 billion.
- At that valuation, a 2.5% stake sale would raise $4.5 billion, dwarfing Hyundai Motor India's $3.3 billion IPO last year.
