Reliance unveils India's biggest IPO plan as Jio Platforms files DRHP

Jio Platforms, the digital arm of Reliance Industries, has filed a DRHP for what is set to be India's largest-ever public issue, targeting a record raise of about $4 billion. The fresh issue of shares will fund strategic priorities including 5G expansion and debt reduction. The offering could value Jio Platforms at around $138 billion, marking Reliance Industries' first IPO in nearly two decades.