Jio Platforms to Launch Largest-Ever IPO in India with Meta and Google Backing
India's Jio Platforms, a digital and telecom subsidiary of Reliance Industries (RIL), has received regulatory approval for its $3.8 billion initial public offering (IPO). The company is backed by major tech firms including Meta (META) and Alphabet’s Google (GOOG). This IPO could become the largest in India's history, signaling strong investor confidence in Jio Platforms' growth potential. The proposed listing has been cleared by the Securities Exchange Board of India (SEBI), paving the way for a public offering that is expected to attract both domestic and international investors. The move underscores Reliance’s strategy to expand its digital ecosystem while leveraging partnerships with global tech leaders.
Topics: Google IPO Jio Platforms Meta Regulatory Approval