Jio Platforms files DRHP with SEBI for IPO, plans 270Mn share issue

Jio Platforms filed a draft route prospectus with SEBI for an IPO, proposing to issue up to 270 million equity shares of ₹10 face value. The offering could raise $3.8-4 billion, valuing the company at $120-180 billion, with 524 million subscribers and 60% of India's mobile data traffic. The deal includes no offer-for-sale, with all proceeds going to Jio Platforms.