Jio Informs Bankers of Potential IPO Prospectus Filing by March: Report
Loading more articles...
Jio Platforms IPO: Prospectus Filing Expected by March End, 17 Bankers Appointed
M
Moneycontrol•18-03-2026, 11:41
Jio Platforms IPO: Prospectus Filing Expected by March End, 17 Bankers Appointed
•Reliance Industries Ltd. aims to file a draft red herring prospectus for Jio Platforms Ltd. IPO by March end, using December-end financials.
•The company appointed 17 bankers, including global firms like Morgan Stanley, HSBC, JPMorgan, Citigroup, and Goldman Sachs, and domestic advisers such as Kotak Mahindra Capital and Axis Capital.
•The IPO plans gained momentum after the government approved changes allowing large issuers to dilute as little as 2.5% equity.
•This could be India’s largest-ever IPO and the first by a major Reliance unit in almost two decades.
•The offering is expected to largely comprise a secondary share sale by existing investors, with details still being finalized.
