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Informist, Friday, Jun. 19, 2026

 

--RIL OKs Jio Platforms DRHP for up to 270-mln-shr fresh issue 

--RIL Ambani: Will file DRHP for Jio Platforms IPO today 

--RIL Ambani: Board has approved DRHP for Jio Platforms 

 

MUMBAI – Reliance Industries Ltd. Friday said its material subsidiary Jio Platforms Ltd. will file a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offer comprising a fresh issue of 270 million shares. In its annual general meeting, RIL Chairman Mukesh Ambani said Jio Platforms will file the draft papers Friday.

 

The shares in the fresh issue will have a face value of INR 10 each, according to an exchange filing. 

 

Following this news, shares of the company fell sharply to an intraday low of INR 1,306.10, marking a sharp fall of over 2%. At 1436 IST, the stock was down more than 1% at INR 1,313.90 on the National Stock Exchange. For the March quarter, the conglomerate had reported consolidated net profit of INR 169.71 billion on revenue of INR 2.99 trillion.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Simran Rede

Edited by Akul Nishant Akhoury

 

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