Reliance Chairman Mukesh Ambani on Friday said the company's board has approved Jio DRHP, and the filing will be made later today with the regulator Sebi. Addressing the shareholders at the annual general meeting (AGM), Ambani said it is a deeply emotional moment for him. The proposed IPO is through a fresh issue of up to 27 crore shares with face value of Rs 10.
The filing will mark a key milestone for Reliance Industries as it prepares to list its digital business, nearly six years after Jio Platforms raised over Rs 1.5 lakh crore from global strategic investors. The IPO is expected to value the telecom and digital services company among India's most valuable listed firms.
