Mumbai : Reliance Industries Chairman, Mukesh Ambani on Thursday finally announced the next big milestone for Reliance Jio’s stock market debut. Ambani said Jio Platforms’ draft red herring prospectus (DRHP) has been approved by the company’s board and will be filed with market regulator Sebi later today.
With both NSE and Jio now moving ahead with their listing plans, India’s capital markets could soon witness two mega public offerings. Ambani said, “With great delight, let me tell you that the Board of Jio Platforms has approved the Draft Red Herring Prospectus earlier today, and it will be filed with SEBI today.”
Investors had been eagerly awaiting an update after Ambani said at last year’s AGM that Jio would be listed in the first half of 2026. With that deadline ending on June 30, Thursday’s announcement provides the strongest indication yet that the company is moving ahead with its market debut.
This is a deeply emotional moment for me, for the entire Reliance Family, and millions of its shareholders. The relationship Reliance shares with its shareholders is a deep and sacred relationship founded on pride, trust, respect, and shared growth, he said. Ambani also revealed that his children Isha Ambani, Akash Ambani and Anant Ambani are leading the Jio IPO process.
The statement is being seen as another indication of the growing leadership role being played by the next generation of the Ambani family across Reliance’s businesses. Jio has transformed India’s telecom sector since its launch in 2016 and has emerged as the country’s largest telecom operator with hundreds of millions of subscribers.
The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value, he said. “I assure you, and all prospective new investors, that a brighter future awaits Jio. Just a day ago, NSE filed draft papers for its long-awaited public issue after nearly a decade of delays.
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