New Delhi, June 19 : Reliance Industries Chairman and Managing Director Mukesh Ambani announced on June 19 that the Board of Jio Platforms has approved the Draft Red Herring Prospectus (DRHP) for the much-awaited Reliance Jio IPO.
Ambani said the DRHP will be filed with the Securities and Exchange Board of India (SEBI) on the same day, marking a major step toward the public listing of India’s largest telecom and digital services company.
“With great delight, let me tell you that the Board of Jio Platforms has approved its DRHP, and it will be filed with SEBI today,” Ambani said during Reliance Industries’ 49th Annual General Meeting (AGM).
Major Milestone for Jio Platforms
The approval of the DRHP brings Jio Platforms closer to launching its initial public offering (IPO). The DRHP contains key details about the company’s financial performance, business operations, growth plans and risks, which will be reviewed by SEBI before the IPO process moves ahead.
The IPO is expected to be one of India’s biggest market listings and will provide investors an opportunity to participate in the growth story of Jio’s telecom, digital and technology businesses.
Mukesh Ambani Highlights Jio’s Growth Journey
Speaking at the AGM, Ambani highlighted Jio’s expansion and its role in transforming India’s digital ecosystem. Since its launch, Jio has grown into a major player in telecom services, broadband, digital platforms and enterprise solutions.
The company’s public listing is being closely watched by investors and market experts due to Jio’s scale, subscriber base and growing digital business portfolio.
What Happens Next?
After the DRHP filing, SEBI will examine the document and provide observations before the company proceeds toward the IPO launch. The final timeline, issue size and valuation details will be known after regulatory approvals and further announcements.
Ends.
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