Jio Platforms Gets SEBI Approval for Record $3.8 Billion IPO

Jio Platforms Ltd, the digital services arm of Reliance Industries, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to proceed with an initial public offering (IPO) that could become the largest in the country's history. The market regulator issued its final observations on the company's draft prospectus on August 28, 2026, clearing a major hurdle for the proposed listing. The IPO is expected to raise approximately Rs 37,700 crore (about $3.8 billion) and could value the company at around $137 billion, according to people familiar with the matter. Jio Platforms plans to issue up to 27 crore fresh equity shares, representing about 2.