{
  "id": 14621656,
  "title": "Mukesh Ambani's Jio seeks $3.2 billion in record India IPO",
  "url": "https://urgent.news/2026/10/15/mukesh-ambanis-jio-seeks-3-2-billion-in-record-india-ipo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T05:27:46.000Z",
  "source": {
    "name": "The Peninsula Qatar Business",
    "slug": "the-peninsula-qatar-business",
    "url": "https://thepeninsulaqatar.com/article/15/10/2026/mukesh-ambanis-jio-seeks-32-billion-in-record-india-ipo"
  },
  "original_language": "en",
  "account": "Mumbai, India: Jio Platforms, the digital subsidiary of Reliance Industries, seeks to raise over $3 billion in the largest initial public offering (IPO) in India's history. Led by billionaire Mukesh Ambani, the company plans to issue 270 million new shares priced between 1,065 and 1,119 rupees each. If the highest price is reached, the IPO would generate approximately $3.2 billion, eclipsing the previous record of $2.9 billion set by Hyundai Motor India in 2024.\n\nSubscriptions for the IPO will open on October 21, with the shares expected to begin trading a week later. Reliance Industries, India's most valuable listed company, has been expanding its operations beyond oil refining and petrochemicals into telecoms, digital services, and renewable energy, with Jio Platforms as the cornerstone of this strategy.\n\nJio Platforms, best known for its mobile operator Jio Infocomm, has disrupted India's telecommunications market with aggressive pricing and has amassed more than 530 million subscribers, accounting for roughly 60% of the country's mobile data traffic. The company has raised more than $20 billion from global investors and technology firms such as Meta and Alphabet since its 2020 IPO, enabling the development of a vast digital ecosystem encompassing payments, streaming, and online services.",
  "summary": "<p>Mumbai, India: India's Jio Platforms, the digital arm of conglomerate Reliance Industries, is aiming to raise more than $3 billion in what would be the country's biggest-ever initial public offering, after announcing pricing details ahead of next week's launch.</p> <p>The company, controlled by billionaire Mukesh Ambani, is looking to sell 270 million new shares at 1,065-1,119 rupees…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Jio Platforms set to bring India's biggest IPO on Oct 21, seeks ₹30,213 cr",
        "url": "https://urgent.news/2026/10/14/jio-platforms-set-to-bring-indias-biggest-ipo-on-oct-21-seeks-30-213",
        "published": "2026-10-14T19:26:31.000Z"
      },
      {
        "outlet": "TechCrunch",
        "title": "Ambani’s Jio seeks to raise $3.2B in what could be India’s biggest IPO",
        "url": "https://urgent.news/2026/10/14/ambanis-jio-seeks-to-raise-3-2b-in-what-could-be-indias-biggest-ipo",
        "published": "2026-10-14T21:48:20.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Jio Platforms seeks to raise up to $3.2B in India's largest IPO, which would value it at as much as $108.3B; the offering opens October 21 and closes October 23 (Reuters)",
        "url": "https://urgent.news/2026/10/14/jio-platforms-seeks-to-raise-up-to-3-2b-in-indias-largest-ipo-which",
        "published": "2026-10-14T23:15:00.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India",
        "url": "https://urgent.news/2026/10/15/meta-and-google-backed-jio-platforms-to-raise-up-to-3-2-billion-in",
        "published": "2026-10-15T01:56:53.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Mukesh Ambani’s Jio seeks US$3.2bil in record India IPO",
        "url": "https://urgent.news/2026/10/15/mukesh-ambanis-jio-seeks-us-3-2bil-in-record-india-ipo",
        "published": "2026-10-15T05:11:20.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}