Reliance Industries Limited disclosed that the Board of Directors of Jio Platforms Limited (JPL), a material subsidiary of the company, approved the Draft Red Herring Prospectus (DRHP) on June 19, 2026.
The approval is for JPL's proposed Initial Public Offer consisting of a fresh issue of up to 27,00,00,000 (twenty seven crore) equity shares. Each share has a face value of ₹10. The issue price will be determined through a book building process in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The DRHP will be filed with the Securities and Exchange Board of India, BSE Limited, and National Stock Exchange of India Limited. The IPO is contingent upon receipt of all required regulatory approvals.
The disclosure was signed by Savithri Parekh, Company Secretary and Compliance Officer of Reliance Industries Limited, on June 19, 2026, at 14:14:31 IST.