- Jio Platforms plans to issue up to 270 million shares, with proceeds directed toward reducing debt at subsidiary Reliance Jio Infocomm.
- Reliance Industries owns more than 66% of Jio Platforms, while Meta and Google hold nearly 10% and 7.7%, respectively; neither plans to sell its stake in the IPO.
- India’s IPO pipeline includes about $50 billion of planned offerings in 2026, although regulatory questions about the National Stock Exchange’s draft prospectus could delay its expected 300 billion rupee issue.
Quotes
“India's IPO market is entering a stronger second half of 2026, supported by improving market conditions, lower volatility and a more stable macroeconomic backdrop”