Noida, June 19 (APAC Media): Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Friday announced that the company’s board has approved the Draft Red Herring Prospectus (DRHP) for the proposed initial public offering (IPO) of Jio Platforms, marking a significant step toward listing the telecom and digital services business.
Speaking at Reliance Industries’ Annual General Meeting (AGM), Ambani said the draft offer document would be filed with the Securities and Exchange Board of India (SEBI), initiating the regulatory process for the public issue.
Jio Platforms, which houses Reliance’s telecom, digital services and technology businesses, has emerged as one of the group’s key growth drivers since the launch of Reliance Jio in 2016.
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The proposed IPO is expected to unlock shareholder value and provide investors an opportunity to participate directly in the company’s growth story.
The announcement comes amid growing investor interest in Jio Platforms, which has expanded its footprint across connectivity, digital applications, cloud services and artificial intelligence initiatives.
“The most important value creation milestone this year is Jio’s imminent IPO. I assure you that this will unlock significant value for Reliance shareholders and offer an attractive investment opportunity to others,” said Mukesh D. Ambani.
Calling the development a landmark moment, Ambani said the approval of the IPO papers reflected the company’s progress in building a world-class digital enterprise.
“This is a particularly emotional milestone for me. The approval of Jio Platforms’ draft prospectus marks the beginning of a new chapter in our journey to create long-term value for millions of stakeholders,” Ambani told shareholders.
Shri Mukesh Ambani at #RILAGM announces the Jio Platforms’ board approval of DRHP and its filing with SEBI today.#Jio #RILAGM2026 pic.twitter.com/x39Yx4JsJg
— Reliance Jio (@reliancejio) June 19, 2026
While the company did not disclose the issue size or a timeline for the listing, market analysts expect the offering to rank among India’s largest IPOs once launched.
“Jio’s second commitment is to take high-speed home broadband to every part of India through JioAirFiber. Over 90% of JioAirFiber installations are completed within 24 hours, and home connections are now growing at a phenomenal rate of up to 60,000 per day. Jio’s third commitment is to digitise Indian enterprises and small businesses by bringing enterprise-grade technology within reach of every micro, small and medium business in India,” he added.
Reliance also outlined its broader strategy for growth across digital services, retail and new energy businesses during the AGM. The group said it would continue investing in technology and innovation to strengthen its market position.
Reliance did not disclose details of the proposed share sale. The IPO will proceed subject to regulatory approvals, with further information expected after SEBI reviews the draft filing.
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Disclaimer: Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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