Jio Platforms Targets 11 Trillion Rupee IPO Valuation

Jio Platforms Ltd., the digital services and telecom subsidiary of Reliance Industries Ltd., is preparing for an initial public offering with a projected valuation of approximately 11 trillion rupees, or 114 billion dollars. While the listing is expected to be the largest in the history of India, the target valuation is lower than previous market expectations.

The company has finished its demand gauging process and will begin meetings with potential investors this week. These discussions aim to finalize the specific pricing and valuation details for the offering.