{"id":2392,"date":"2026-06-19T11:09:55","date_gmt":"2026-06-19T11:09:55","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2392"},"modified":"2026-06-19T11:09:55","modified_gmt":"2026-06-19T11:09:55","slug":"ambanis-jio-platforms-eyes-record-3-8-billion-indian-ipo-sources-say","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2392","title":{"rendered":"Ambani&#8217;s Jio Platforms eyes record $3.8 billion Indian IPO, sources say"},"content":{"rendered":"<div><div><div><ul><li>Companies<\/li><\/ul><\/div><div><ul><li><svg><\/svg><div><div><div><button><span><span>Follow<\/span><\/span><\/button><\/div><\/div><\/div><\/li><li><svg><\/svg><div><div><div><button><span><span>Follow<\/span><\/span><\/button><\/div><\/div><\/div><\/li><li><svg><\/svg><div><div><div><button><span><span>Follow<\/span><\/span><\/button><\/div><\/div><\/div><\/li><\/ul><\/div><\/div><div>MUMBAI, June 19 (Reuters) &#8211; Indian billionaire Mukesh Ambani&#8217;s Reliance Jio \u200bPlatforms has approved plans to list in Mumbai to raise \u200caround $3.8 billion, sources said, in what could be a record IPO for the country.<\/div><div>The share listing aims to unlock value in a business that \u200bincludes Reliance Infocomm, the world&#8217;s second-largest telecom operator by subscribers \u200bafter China Mobile (600941.SS)<svg><\/svg><span>, opens new tab<\/span>, with about 500 million users, and \u2060also houses AI, cloud and enterprise network businesses.<\/div><div>The IPO is targeting \u200ba fundraising of around 360 billion Indian rupees ($3.81 billion), three sources \u200bfamiliar with the matter said, equal to about 2.9% of its post-issue equity.<\/div><div>Reliance did not respond to Reuters queries. The final details could change closer to \u200bthe listing process.<\/div><div>A company statement did not provide more details \u200bon the IPO, but the prospectus was due to be filed later on \u200cFriday, \u2060Ambani said in a shareholder address.<\/div><div>&#8220;The Jio IPO is described as the most important value creation milestone this year,&#8221; Ambani said.<\/div><div>The company said it would issue up to 270 million new shares.<\/div><div>In 2020, \u200bJio raised funds from \u200bmarquee global \u2060investors including Meta (META.O)<svg><\/svg><span>, opens new tab<\/span>, Alphabet&#8217;s Google (GOOGL.O)<svg><\/svg><span>, opens new tab<\/span> and Vista Equity Partners, diluting 33% of its stake. Jefferies has in \u200bthe past valued the business at $180 billion.<\/div><div>Those investors \u200bwere betting \u2060on India&#8217;s rapidly expanding digital economy of 1.4 billion people where smartphone penetration is accelerating, internet costs are among the lowest in \u2060the world, \u200band a young, mobile-first population is \u200bmoving online at scale.<\/div><div>Jio says it currently has a roughly 60% share of India&#8217;s data \u200btraffic.<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Aditya Kalra\" class=\"wp-image-1837\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/59c5ba115e62b85f3cda2b4176ca4ead.avif\"\/><\/figure>\n<\/noscript><\/div><div>Aditya Kalra<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Vibhuti Sharma\" class=\"wp-image-943\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/cb989378da498bb9030e40a33308ce3a.avif\"\/><\/figure>\n<\/noscript><\/div><div>Vibhuti Sharma<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2390\">Tell it to me Strait<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2389\">Police order last-minute ban of Iranian opposition rally in Paris<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2387\">Ukrainian drone makers target Asia as Taiwan tensions spur demand<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Indian billionaire Mukesh Ambani&#8217;s Reliance Jio \u200bPlatforms has approved plans to list in Mumbai to raise \u200caround $3.8 billion, sources said, in what could be a record IPO for the country.<\/p>\n","protected":false},"author":1,"featured_media":2391,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[63,52],"class_list":["post-2392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-funds","tag-refining"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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