Jio IPO update: Reliance awaits government notification before filing DRHP for IPO

Billionaire Mukesh Ambani-led Reliance Industries (RIL) is inching closer to the long-awaited listing of Jio Platforms. The conglomerate is awaiting a final government notification on revised IPO norms before filing its draft red herring prospectus (DRHP). The proposed regulatory changes are critical for a transaction of this scale.

The Jio IPO is expected to be India’s largest ever, potentially raising $4-4.5 billion (₹33,000-37,000 crore).