Reliance's Jio Seeks $108 Billion Valuation in Landmark India IPO

Key Facts

1Jio Platforms is seeking to raise more than $3 billion in what could be India's largest-ever rupee IPO.

2The telecom arm of Reliance Industries is targeting a total valuation of approximately $108 billion.

Jio Platforms is seeking to raise more than $3 billion in what could be India's largest-ever rupee IPO. The Wall Street Journal reported that the telecom arm of Reliance Industries is targeting a total valuation of approximately $108 billion.

The RIGD.L stock closed at $50.1 on October 14, 2026, ahead of the announcement regarding the landmark listing. Reliance Industries, led by Mukesh Ambani, intends to unlock value through this spin-off as the company capitalizes on the rapid growth within India's digital and telecommunications landscape.