Reliance unveils India's biggest IPO plan as Jio Platforms files DRHP

Jio Platforms, Reliance Industries' digital arm, has filed for India's largest-ever public issue, aiming to raise a record $4 billion. This IPO, the first from RIL in nearly two decades, will see a fresh issue of shares to fund strategic priorities like 5G expansion and debt reduction. The offering could value Jio Platforms at a staggering $138 billion, positioning it as a major player in the Indian market.