Reliance Jio Infocomm and the National Stock Exchange (NSE), together targeting roughly $6 billion in fundraising, are both expected to file draft IPO papers within days of each other this week, a double filing that would mark the most significant moment yet for India’s primary market in 2026.
Jio's filing is the bigger prize. Billionaire Mukesh Ambani's telecom giant could lodge a draft prospectus for its expected $4 billion offering with capital markets regulator Sebi ahead of Reliance Industries’ closely watched annual general meeting (AGM) on Friday, according to a Financial Times report.
