{"id":2476,"date":"2026-06-20T08:36:59","date_gmt":"2026-06-20T08:36:59","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2476"},"modified":"2026-06-20T08:36:59","modified_gmt":"2026-06-20T08:36:59","slug":"ambanis-jio-platforms-files-for-3-8-billion-ipo-that-could-be-indias-biggest-sources-say","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2476","title":{"rendered":"Ambani&#8217;s Jio Platforms files for $3.8 billion IPO that could be India&#8217;s biggest, sources say"},"content":{"rendered":"<div><div><div><ul><li>Summary<\/li><li>Companies<\/li><\/ul><\/div><div><\/div><\/div><div>NEW DELHI, June 19 (Reuters) &#8211; Indian billionaire Mukesh Ambani&#8217;s Reliance Jio Platforms has filed regulatory papers for a Mumbai IPO to \u200craise around $3.8 billion, sources said, in what could be a record listing for the country.<\/div><div>The IPO aims to unlock value from a company that includes Jio&#8217;s telecom business, the world&#8217;s second-largest operator by single-country subscribers after China Mobile (600941.SS)<svg><\/svg><span>, opens new tab<\/span>. Jio Platforms counts Meta and Google among its major foreign investors.<\/div><div>Proceeds from \u200bthe offering will largely be used to repay debt of the telecoms business. Jio Platforms also runs AI, cloud and \u200benterprise network businesses.<\/div><div>The IPO will test India&#8217;s capital markets, which have cooled in recent months after the \u2060U.S.-Israeli conflict with Iran rattled global markets and weighed on investor sentiment.<\/div><div>The IPO is targeting a fundraising of around 360 billion \u200brupees ($3.81 billion), three sources familiar with the matter said, equal to about 2.9% of its post-issue equity, valuing the business at around $131 \u200bbillion.<\/div><div>The IPO prospectus, which did not contain the fundraising target, said proceeds will be used to repay an estimated 275 billion rupees ($2.92 billion) of Reliance Jio Infocomm&#8217;s debt.<\/div><div>It added the repayment of debt &#8220;will position the company favourably for continued investment in its strategic priorities, including 5G network densification and expansion, \u200bfixed broadband penetration, AI and cloud services&#8230;&#8221;<\/div><div>At the annual shareholder meeting, Ambani said, &#8220;the Jio IPO is described as the most important value \u200bcreation milestone this year.&#8221;<\/div><div>Reliance did not respond to Reuters queries. The final details could change closer to the listing process.<\/div><h2>MAJOR INVESTORS, JOB CUTS<\/h2><div>India was \u200cthe world&#8217;s \u2060second-largest IPO market in 2025, but recent volatility has tempered the pace of new listings, even as issuers such as the National Stock Exchange of India push ahead with plans to go public.<\/div><div>Jio&#8217;s IPO, if it raises $3.8 billion, would surpass Hyundai Motor India&#8217;s (HYUN.NS)<svg><\/svg><span>, opens new tab<\/span> 278.7 billion rupee ($2.95 billion) offering in 2024 to become the largest in the country&#8217;s history.<\/div><div>In 2020, Jio raised funds from global investors including \u200bMeta (META.O)<svg><\/svg><span>, opens new tab<\/span>, Google (GOOGL.O)<svg><\/svg><span>, opens new tab<\/span> and private equity \u200bfirms Vista Equity Partners, KKR, \u2060General Atlantic and Silver Lake, as well as the Abu Dhabi Investment Authority, selling about 33% of its stake.<\/div><div>Those investors are betting on India&#8217;s fast-growing digital economy of 1.4 billion people, where smartphone \u200bpenetration is accelerating, internet costs are among the world&#8217;s lowest and a young, mobile-first population is \u200bmoving online at \u2060scale.<\/div><div>Jio&#8217;s telecom arm had 524.4 million subscribers as of March 31, including 268.5 million on its 5G network, the prospectus said, adding that headcount fell about 21% to 27,935 during the same period, even as its subscriber base and revenue grew.<\/div><div>In recent years, Jio Platforms has \u2060diversified beyond \u200btelecom into AI, cloud and enterprise network services, as well as app development. \u200bIn 2023, Nvidia (NVDA.O)<svg><\/svg><span>, opens new tab<\/span> announced an AI partnership with Reliance to develop cloud infrastructure and language models.<\/div><div>Its operating revenue in the financial year ending March 2026 stood at $15.6 \u200bbillion, with a profit after tax of $3.19 billion.<\/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><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Aditi Shah\" class=\"wp-image-2475\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/5b077ce5ad84cd44bfcc3fd6255e58f3.avif\"\/><\/figure>\n<\/noscript><\/div><div>Aditi Shah<\/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=2473\">Japan to target $2.3 trillion public-private investment by 2040, Nikkei reports<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2471\">Zelenskiy says Belarus should remove equipment used in attacks on Ukraine in one week<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2469\">China tightens indium export checks as AI demand increases<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Indian billionaire Mukesh Ambani&#8217;s Reliance Jio Platforms has filed regulatory papers for a Mumbai IPO to \u200craise around $3.8 billion, sources said, in what could be a record listing for the country.<\/p>\n","protected":false},"author":1,"featured_media":2474,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[63,52],"class_list":["post-2476","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 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ambani&#039;s Jio Platforms files for $3.8 billion IPO that could be India&#039;s biggest, sources say - Reliable Moving Crews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reliablemovingcrews.com\/?p=2476\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ambani&#039;s Jio Platforms files for $3.8 billion IPO that could be India&#039;s biggest, sources say - Reliable Moving Crews\" \/>\n<meta property=\"og:description\" content=\"Indian billionaire Mukesh Ambani&#039;s Reliance Jio Platforms has filed regulatory papers for a Mumbai IPO to \u200craise around $3.8 billion, sources said, in what could be a record listing for the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/reliablemovingcrews.com\/?p=2476\" \/>\n<meta property=\"og:site_name\" content=\"Reliable Moving Crews\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-20T08:36:59+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/#\\\/schema\\\/person\\\/34f02a869ba60b78ae3d994f205e0d24\"},\"headline\":\"Ambani&#8217;s Jio Platforms files for $3.8 billion IPO that could be India&#8217;s biggest, sources say\",\"datePublished\":\"2026-06-20T08:36:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476\"},\"wordCount\":584,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/reliablemovingcrews.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/80f50dc5d7f4b2d6897410943b3d5fa3.avif\",\"keywords\":[\"Funds\",\"Refining\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476\",\"url\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476\",\"name\":\"Ambani's Jio Platforms files for $3.8 billion IPO that could be India's biggest, sources say - Reliable Moving Crews\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/reliablemovingcrews.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/80f50dc5d7f4b2d6897410943b3d5fa3.avif\",\"datePublished\":\"2026-06-20T08:36:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/#\\\/schema\\\/person\\\/34f02a869ba60b78ae3d994f205e0d24\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476#primaryimage\",\"url\":\"https:\\\/\\\/reliablemovingcrews.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/80f50dc5d7f4b2d6897410943b3d5fa3.avif\",\"contentUrl\":\"https:\\\/\\\/reliablemovingcrews.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/80f50dc5d7f4b2d6897410943b3d5fa3.avif\",\"width\":1920,\"height\":1005},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2476#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/reliablemovingcrews.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ambani&#8217;s Jio Platforms files for $3.8 billion IPO that could be India&#8217;s biggest, sources say\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/#website\",\"url\":\"https:\\\/\\\/reliablemovingcrews.com\\\/\",\"name\":\"Reliable Moving Crews\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/#\\\/schema\\\/person\\\/34f02a869ba60b78ae3d994f205e0d24\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/reliablemovingcrews.com\"],\"url\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ambani's Jio Platforms files for $3.8 billion IPO that could be India's biggest, sources say - Reliable Moving Crews","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/reliablemovingcrews.com\/?p=2476","og_locale":"en_US","og_type":"article","og_title":"Ambani's Jio Platforms files for $3.8 billion IPO that could be India's biggest, sources say - Reliable Moving Crews","og_description":"Indian billionaire Mukesh Ambani's Reliance Jio Platforms has filed regulatory papers for a Mumbai IPO to \u200craise around $3.8 billion, sources said, in what could be a record listing for the country.","og_url":"https:\/\/reliablemovingcrews.com\/?p=2476","og_site_name":"Reliable Moving Crews","article_published_time":"2026-06-20T08:36:59+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/reliablemovingcrews.com\/?p=2476#article","isPartOf":{"@id":"https:\/\/reliablemovingcrews.com\/?p=2476"},"author":{"name":"admin","@id":"https:\/\/reliablemovingcrews.com\/#\/schema\/person\/34f02a869ba60b78ae3d994f205e0d24"},"headline":"Ambani&#8217;s Jio Platforms files for $3.8 billion IPO that could be India&#8217;s biggest, sources say","datePublished":"2026-06-20T08:36:59+00:00","mainEntityOfPage":{"@id":"https:\/\/reliablemovingcrews.com\/?p=2476"},"wordCount":584,"commentCount":0,"image":{"@id":"https:\/\/reliablemovingcrews.com\/?p=2476#primaryimage"},"thumbnailUrl":"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/80f50dc5d7f4b2d6897410943b3d5fa3.avif","keywords":["Funds","Refining"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/reliablemovingcrews.com\/?p=2476#respond"]}]},{"@type":"WebPage","@id":"https:\/\/reliablemovingcrews.com\/?p=2476","url":"https:\/\/reliablemovingcrews.com\/?p=2476","name":"Ambani's Jio Platforms files for $3.8 billion IPO that could be India's biggest, sources say - Reliable Moving Crews","isPartOf":{"@id":"https:\/\/reliablemovingcrews.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/reliablemovingcrews.com\/?p=2476#primaryimage"},"image":{"@id":"https:\/\/reliablemovingcrews.com\/?p=2476#primaryimage"},"thumbnailUrl":"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/80f50dc5d7f4b2d6897410943b3d5fa3.avif","datePublished":"2026-06-20T08:36:59+00:00","author":{"@id":"https:\/\/reliablemovingcrews.com\/#\/schema\/person\/34f02a869ba60b78ae3d994f205e0d24"},"breadcrumb":{"@id":"https:\/\/reliablemovingcrews.com\/?p=2476#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/reliablemovingcrews.com\/?p=2476"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/reliablemovingcrews.com\/?p=2476#primaryimage","url":"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/80f50dc5d7f4b2d6897410943b3d5fa3.avif","contentUrl":"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/80f50dc5d7f4b2d6897410943b3d5fa3.avif","width":1920,"height":1005},{"@type":"BreadcrumbList","@id":"https:\/\/reliablemovingcrews.com\/?p=2476#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/reliablemovingcrews.com\/"},{"@type":"ListItem","position":2,"name":"Ambani&#8217;s Jio Platforms files for $3.8 billion IPO that could be India&#8217;s biggest, sources say"}]},{"@type":"WebSite","@id":"https:\/\/reliablemovingcrews.com\/#website","url":"https:\/\/reliablemovingcrews.com\/","name":"Reliable Moving Crews","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/reliablemovingcrews.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/reliablemovingcrews.com\/#\/schema\/person\/34f02a869ba60b78ae3d994f205e0d24","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/reliablemovingcrews.com"],"url":"https:\/\/reliablemovingcrews.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/reliablemovingcrews.com\/index.php?rest_route=\/wp\/v2\/posts\/2476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reliablemovingcrews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reliablemovingcrews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reliablemovingcrews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/reliablemovingcrews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2476"}],"version-history":[{"count":0,"href":"https:\/\/reliablemovingcrews.com\/index.php?rest_route=\/wp\/v2\/posts\/2476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reliablemovingcrews.com\/index.php?rest_route=\/wp\/v2\/media\/2474"}],"wp:attachment":[{"href":"https:\/\/reliablemovingcrews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reliablemovingcrews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reliablemovingcrews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}