Jio Platforms files application with SEBI

Jio is preparing for a mega IPO and has filed an application with SEBI through Jio Platforms. The company announced the issuance of 270 million fresh shares and its entry into satellite communication services.

The announcement was made by Mukesh Ambani during Reliance’s 49th AGM. The IPO is expected to raise around ₹37,700 crore, potentially making it the largest public offering in India’s history.