{
  "id": 14630127,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T05:11:20.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/15/mukesh-ambani-s-jio-seeks-us-3-2bil-in-record-india-ipo"
  },
  "original_language": "en",
  "account": "India's telecom giant Jio Platforms is set to launch its much-anticipated initial public offering (IPO) in the coming weeks, aiming to raise over US$3 billion, according to a statement released by Reliance Industries, the conglomerate's digital arm. The company, led by billionaire Mukesh Ambani, plans to sell 270 million new shares at a price range of 1,065-1,119 rupees (US$11.22-US$11.79) per share. If the top price is reached, the IPO would surpass the previous record of US$2.9 billion set by Hyundai Motor India in 2024.\n\nJio Platforms, with its core subsidiary Jio Infocomm, has been Reliance Industries' chief driver in expanding beyond traditional oil refining and petrochemicals into the realms of telecoms, digital services, and green energy. The company's wireless service, Jio Infocomm, has disrupted the Indian market with its competitive pricing strategy, amassing more than 530 million subscribers and handling roughly 60% of the country's mobile data traffic.\n\nSince its launch a decade ago, Jio Platforms has expanded its services to include artificial intelligence, enterprise network solutions, and recently cemented its position as India's most valuable listed company. In 2020, the company successfully raised more than US$20 billion from global investors and technology behemoths such as Meta and Alphabet to fuel its ambitious digital ecosystem spanning payments, entertainment streaming, and online services.",
  "summary": "A sale at the top of the range would surpass the national IPO record of US$2.9 billion set by Hyundai Motor India in 2024.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "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-14631653",
        "published": "2026-10-15T05:11:20.000Z"
      },
      {
        "outlet": "The Peninsula Qatar Business",
        "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",
        "published": "2026-10-15T05:27:46.000Z"
      }
    ]
  },
  "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."
}