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Reliance’s Jio platforms seeks Sebi nod for $4 billion IPO MUMBAI: Jio Platforms, the digital arm of Mukesh Ambani’s Reliance Industries, has filed draft listing papers with the Sebi for an initial public offering (IPO) that could raise up to $4 billion, or roughly Rs 37,700 crore — making it the largest stock market listing in India’s history.The firm is structuring the offering as a primary share sale, allowing it to retain all proceeds — a method that contrasts with NSE’s planned IPO, which will be conducted through an offer-for-sale in which existing shareholders will pocket the gains.Jio public offer proceeds will be used to pare debtThe decision marks a departure from earlier expectations that foreign backers would use the float to cash out part of their stakes in Jio. Funds raised will go towards retiring debt (Jio’s net debt stood at Rs 27,579 crore as of March 31, 2026) and for other corporate purposes. The Jio offering, paired with the NSE’s $3 billion IPO, is expected to reshape an IPO market that has struggled for momentum this year.Ambani first indicated his intention for a public listing of Jio in 2019. While RIL has since listed Jio Financial Services in 2023, that entity was carved out through a demerger rather than an IPO. Jio Platforms will mark the group’s first IPO since Reliance Petroleum’s listing in 2006, which was subsequently merged back into RIL.Jio will issue 27 crore shares with a face value of Rs 10 each, resulting in an equity dilution of 2.9%. The dilution is close to the minimum public float permitted under Sebi’s revised IPO norms, which allow companies with a post-issue market capitalisation above Rs 5 lakh crore ($60 billion) to dilute just 2.5% at listing and subsequently achieve the mandatory 25% public shareholding over a 10-year period.“This is a deeply emotional moment for me, the entire Reliance family, and millions of its shareholders,” Ambani said during his annual address to RIL shareholders.He described the Jio IPO as “the most important value-creation milestone this year”, adding that his children are leading the process.RIL owns 66% of Jio, which disrupted India’s telecom market in 2016 with free voice calls and heavily discounted data plans, and has since grown to become the country’s largest wireless operator.Jio Platforms, in which Google, Meta and Abu Dhabi Investment Authority are investors, is expected to command a valuation of over $100 billion, which would rank it among India’s most valuable companies and among the world’s largest telecom groups by market capitalisation.Get the latest India news and live updates. Download the TOI App.About the AuthorReeba ZachariahReeba Zachariah is assistant corporate editor at The Times of India, Mumbai. She has been covering large Indian business houses such as the Tata Group. She also reports on a host of sectors like hospitality, retail, travel, liquor and consumer durables. She has been writing on mergers and acquisitions and private equity.Read MoreEnd of ArticleFollow Us On Social MediaVideosContradicting Supreme Court and Tribunal Orders?: TN Assembly’s Firm Stand Against ProjectRare Handshake At LoC During Pakistani National’s Repatriation Draws Attention Across BorderJaishankar Says Global Appreciation For Indian Talent Is Growing RapidlyCongress Wins 5 Of 7 Karnataka MLC Seats, BJP Probes Suspected Cross-VotingRSS At 100: Why The Organisation Remains Unregistered And Why The Issue Keeps Returning?From Net-Zero Design To Cargo Hub: What Makes Jewar Airport Different?Why Brahmins Are Suddenly At The Centre Of UP’s 2027 Political Battle | SP vs BSP vs BJP ExplainedTMC Escalates Battle To Delhi As Abhishek Banerjee Seeks Action On Rebel MPsJio Files DRHP With SEBI | Mukesh Ambani Hands IPO Leadership To Isha, Akash & AnantFrom ‘Brother-in-Ideals’ To A Cold Greeting: Stalin’s Message Exposes DMK-Congress Rift123PhotostoriesLove Poha for breakfast? 6 ways to add 20 gms protein to each servingNew York’s first lady Rama Duwaji made bootleg Knicks merch look runway-readyFrom earning Rs 700 in his first job to doing plays with Dilip Joshi and Disha Vakani: When Taarak Mehta Ka Ooltah Chashmah’s Tanmay Vekaria Aka Bagha got candid about his life5 signs of emotional manipulation in relationships, as per mental health counselor10 regional jackfruit dishes from across the world and why it is celebrated so muchFrom respecting Gauri Khan’s space to teaching his sons to respect women: 5 times Shah Rukh Khan proved he is Bollywood’s ultimate green flag10 baby girl names that mean pure in different languagesFrom Alia Bhatt to Katrina Kaif: Inside the pilates routine that keeps these Bollywood divas fit6 most beautiful hidden villages in India that are absolutely worth a tripWhy were women banned from doing makeup on Bollywood sets? Sonam Kapoor’s makeup artist explains the breaking of the 59-year-old barrier123Hot PicksEngland vs New ZealandYuvraj SinghUSA Vs AustraliaAP SSC resultsKannur University FYUGP TrialShiv SenaJD VanceStrait of HormuzHormoz nuclear power plantTop TrendingBihar gang-rapeUS-Iran Peace DealStock Market LiveFIFA World Cup 2026What is Legacy BadgeBEST bus strikeAIIMS BSc Nursing Admit CardMHT CET PCM 2nd attempt resultsGold rate todayIndia-UK FTA 01
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Is your illness karmic? what your birth date says

Vamsikrishna4 months ago01 mins mins
Is your illness karmic? what your birth date says







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India
Reliance’s Jio platforms seeks Sebi nod for $4 billion IPO MUMBAI: Jio Platforms, the digital arm of Mukesh Ambani’s Reliance Industries, has filed draft listing papers with the Sebi for an initial public offering (IPO) that could raise up to $4 billion, or roughly Rs 37,700 crore — making it the largest stock market listing in India’s history.The firm is structuring the offering as a primary share sale, allowing it to retain all proceeds — a method that contrasts with NSE’s planned IPO, which will be conducted through an offer-for-sale in which existing shareholders will pocket the gains.Jio public offer proceeds will be used to pare debtThe decision marks a departure from earlier expectations that foreign backers would use the float to cash out part of their stakes in Jio. Funds raised will go towards retiring debt (Jio’s net debt stood at Rs 27,579 crore as of March 31, 2026) and for other corporate purposes. The Jio offering, paired with the NSE’s $3 billion IPO, is expected to reshape an IPO market that has struggled for momentum this year.Ambani first indicated his intention for a public listing of Jio in 2019. While RIL has since listed Jio Financial Services in 2023, that entity was carved out through a demerger rather than an IPO. Jio Platforms will mark the group’s first IPO since Reliance Petroleum’s listing in 2006, which was subsequently merged back into RIL.Jio will issue 27 crore shares with a face value of Rs 10 each, resulting in an equity dilution of 2.9%. The dilution is close to the minimum public float permitted under Sebi’s revised IPO norms, which allow companies with a post-issue market capitalisation above Rs 5 lakh crore ($60 billion) to dilute just 2.5% at listing and subsequently achieve the mandatory 25% public shareholding over a 10-year period.“This is a deeply emotional moment for me, the entire Reliance family, and millions of its shareholders,” Ambani said during his annual address to RIL shareholders.He described the Jio IPO as “the most important value-creation milestone this year”, adding that his children are leading the process.RIL owns 66% of Jio, which disrupted India’s telecom market in 2016 with free voice calls and heavily discounted data plans, and has since grown to become the country’s largest wireless operator.Jio Platforms, in which Google, Meta and Abu Dhabi Investment Authority are investors, is expected to command a valuation of over $100 billion, which would rank it among India’s most valuable companies and among the world’s largest telecom groups by market capitalisation.Get the latest India news and live updates. Download the TOI App.About the AuthorReeba ZachariahReeba Zachariah is assistant corporate editor at The Times of India, Mumbai. She has been covering large Indian business houses such as the Tata Group. She also reports on a host of sectors like hospitality, retail, travel, liquor and consumer durables. She has been writing on mergers and acquisitions and private equity.Read MoreEnd of ArticleFollow Us On Social MediaVideosContradicting Supreme Court and Tribunal Orders?: TN Assembly’s Firm Stand Against ProjectRare Handshake At LoC During Pakistani National’s Repatriation Draws Attention Across BorderJaishankar Says Global Appreciation For Indian Talent Is Growing RapidlyCongress Wins 5 Of 7 Karnataka MLC Seats, BJP Probes Suspected Cross-VotingRSS At 100: Why The Organisation Remains Unregistered And Why The Issue Keeps Returning?From Net-Zero Design To Cargo Hub: What Makes Jewar Airport Different?Why Brahmins Are Suddenly At The Centre Of UP’s 2027 Political Battle | SP vs BSP vs BJP ExplainedTMC Escalates Battle To Delhi As Abhishek Banerjee Seeks Action On Rebel MPsJio Files DRHP With SEBI | Mukesh Ambani Hands IPO Leadership To Isha, Akash & AnantFrom ‘Brother-in-Ideals’ To A Cold Greeting: Stalin’s Message Exposes DMK-Congress Rift123PhotostoriesLove Poha for breakfast? 6 ways to add 20 gms protein to each servingNew York’s first lady Rama Duwaji made bootleg Knicks merch look runway-readyFrom earning Rs 700 in his first job to doing plays with Dilip Joshi and Disha Vakani: When Taarak Mehta Ka Ooltah Chashmah’s Tanmay Vekaria Aka Bagha got candid about his life5 signs of emotional manipulation in relationships, as per mental health counselor10 regional jackfruit dishes from across the world and why it is celebrated so muchFrom respecting Gauri Khan’s space to teaching his sons to respect women: 5 times Shah Rukh Khan proved he is Bollywood’s ultimate green flag10 baby girl names that mean pure in different languagesFrom Alia Bhatt to Katrina Kaif: Inside the pilates routine that keeps these Bollywood divas fit6 most beautiful hidden villages in India that are absolutely worth a tripWhy were women banned from doing makeup on Bollywood sets? Sonam Kapoor’s makeup artist explains the breaking of the 59-year-old barrier123Hot PicksEngland vs New ZealandYuvraj SinghUSA Vs AustraliaAP SSC resultsKannur University FYUGP TrialShiv SenaJD VanceStrait of HormuzHormoz nuclear power plantTop TrendingBihar gang-rapeUS-Iran Peace DealStock Market LiveFIFA World Cup 2026What is Legacy BadgeBEST bus strikeAIIMS BSc Nursing Admit CardMHT CET PCM 2nd attempt resultsGold rate todayIndia-UK FTA

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  • Reliance’s Jio platforms seeks Sebi nod for $4 billion IPO MUMBAI: Jio Platforms, the digital arm of Mukesh Ambani’s Reliance Industries, has filed draft listing papers with the Sebi for an initial public offering (IPO) that could raise up to $4 billion, or roughly Rs 37,700 crore — making it the largest stock market listing in India’s history.The firm is structuring the offering as a primary share sale, allowing it to retain all proceeds — a method that contrasts with NSE’s planned IPO, which will be conducted through an offer-for-sale in which existing shareholders will pocket the gains.Jio public offer proceeds will be used to pare debtThe decision marks a departure from earlier expectations that foreign backers would use the float to cash out part of their stakes in Jio. Funds raised will go towards retiring debt (Jio’s net debt stood at Rs 27,579 crore as of March 31, 2026) and for other corporate purposes. The Jio offering, paired with the NSE’s $3 billion IPO, is expected to reshape an IPO market that has struggled for momentum this year.Ambani first indicated his intention for a public listing of Jio in 2019. While RIL has since listed Jio Financial Services in 2023, that entity was carved out through a demerger rather than an IPO. Jio Platforms will mark the group’s first IPO since Reliance Petroleum’s listing in 2006, which was subsequently merged back into RIL.Jio will issue 27 crore shares with a face value of Rs 10 each, resulting in an equity dilution of 2.9%. The dilution is close to the minimum public float permitted under Sebi’s revised IPO norms, which allow companies with a post-issue market capitalisation above Rs 5 lakh crore ($60 billion) to dilute just 2.5% at listing and subsequently achieve the mandatory 25% public shareholding over a 10-year period.“This is a deeply emotional moment for me, the entire Reliance family, and millions of its shareholders,” Ambani said during his annual address to RIL shareholders.He described the Jio IPO as “the most important value-creation milestone this year”, adding that his children are leading the process.RIL owns 66% of Jio, which disrupted India’s telecom market in 2016 with free voice calls and heavily discounted data plans, and has since grown to become the country’s largest wireless operator.Jio Platforms, in which Google, Meta and Abu Dhabi Investment Authority are investors, is expected to command a valuation of over $100 billion, which would rank it among India’s most valuable companies and among the world’s largest telecom groups by market capitalisation.Get the latest India news and live updates. Download the TOI App.About the AuthorReeba ZachariahReeba Zachariah is assistant corporate editor at The Times of India, Mumbai. She has been covering large Indian business houses such as the Tata Group. She also reports on a host of sectors like hospitality, retail, travel, liquor and consumer durables. She has been writing on mergers and acquisitions and private equity.Read MoreEnd of ArticleFollow Us On Social MediaVideosContradicting Supreme Court and Tribunal Orders?: TN Assembly’s Firm Stand Against ProjectRare Handshake At LoC During Pakistani National’s Repatriation Draws Attention Across BorderJaishankar Says Global Appreciation For Indian Talent Is Growing RapidlyCongress Wins 5 Of 7 Karnataka MLC Seats, BJP Probes Suspected Cross-VotingRSS At 100: Why The Organisation Remains Unregistered And Why The Issue Keeps Returning?From Net-Zero Design To Cargo Hub: What Makes Jewar Airport Different?Why Brahmins Are Suddenly At The Centre Of UP’s 2027 Political Battle | SP vs BSP vs BJP ExplainedTMC Escalates Battle To Delhi As Abhishek Banerjee Seeks Action On Rebel MPsJio Files DRHP With SEBI | Mukesh Ambani Hands IPO Leadership To Isha, Akash & AnantFrom ‘Brother-in-Ideals’ To A Cold Greeting: Stalin’s Message Exposes DMK-Congress Rift123PhotostoriesLove Poha for breakfast? 6 ways to add 20 gms protein to each servingNew York’s first lady Rama Duwaji made bootleg Knicks merch look runway-readyFrom earning Rs 700 in his first job to doing plays with Dilip Joshi and Disha Vakani: When Taarak Mehta Ka Ooltah Chashmah’s Tanmay Vekaria Aka Bagha got candid about his life5 signs of emotional manipulation in relationships, as per mental health counselor10 regional jackfruit dishes from across the world and why it is celebrated so muchFrom respecting Gauri Khan’s space to teaching his sons to respect women: 5 times Shah Rukh Khan proved he is Bollywood’s ultimate green flag10 baby girl names that mean pure in different languagesFrom Alia Bhatt to Katrina Kaif: Inside the pilates routine that keeps these Bollywood divas fit6 most beautiful hidden villages in India that are absolutely worth a tripWhy were women banned from doing makeup on Bollywood sets? Sonam Kapoor’s makeup artist explains the breaking of the 59-year-old barrier123Hot PicksEngland vs New ZealandYuvraj SinghUSA Vs AustraliaAP SSC resultsKannur University FYUGP TrialShiv SenaJD VanceStrait of HormuzHormoz nuclear power plantTop TrendingBihar gang-rapeUS-Iran Peace DealStock Market LiveFIFA World Cup 2026What is Legacy BadgeBEST bus strikeAIIMS BSc Nursing Admit CardMHT CET PCM 2nd attempt resultsGold rate todayIndia-UK FTA
  • Jun 20, 2026, 05:00 IST
  • Sagittarius Horoscope Today, June 20, 2026: Money matters look mixed but workable
  • FIP casts doubt on interim Air India crash report MUMBAI: The Federation of Indian Pilots (FIP) has alleged that the Aircraft Accident Investigation Bureau’s (AAIB) preliminary report on Air India flight 171 crash appears to have deliberately omitted cockpit warning data that would have pointed to an electrical failure preceding the loss of both engines.The pilots’ association said that simulator tests commissioned independently by them have exposed timing errors that further undermine the report’s findings. FIP said it had written to the govt with a request that AAIB should run simulator tests before releasing the final report on the June 12, 2025, accident.At a presser Friday, FIP president Capt C Randhawa said an electrical failure of the kind the federation has long alleged would have triggered a cascade of caution messages, accompanied by audio alerts, all of which would have been recorded on the cockpit voice recorder. He alleged the preliminary report chose not to reproduce that warning sequence.He questioned why flight data recorder installed in the tail of the aircraft was damaged extensively when the tail was largely found intact. He referred to the fact that this particular recorder is solely powered by electricity and implied that the damage indicated a problem with the aircraft’s electric power supply.Randhawa said FIP commissioned 10 tests on a Boeing 787 simulator after AAIB declined repeated requests to conduct its own replication. The tests found the Ram Air Turbine, the emergency power supply in the aircraft takes 18 seconds to deploy and restore hydraulic pressure after engine shutdown, directly contradicting the preliminary report’s timeline that RAT deployed four seconds after fuel control switches moved to cut off fuel supply to the engines.Capt Randhawa invoked the ‘Miracle on the Hudson’ event of 2009, when a US Airways flight landed on the Hudson River shortly after take-off. The US investigating agency had initially blamed Capt Chesley ‘Sully’ Sullenberger for choosing to ditch in the river. But after they ran 30-35 simulator tests, they learned that the aircraft could not have made it back to the runway on time and landed safely. It was only then that Capt Sullenberger, who was alive to defend himself, was cleared. “Here we have captains who have died. No one is there to protect them,” said Capt Randhawa. Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosContradicting Supreme Court and Tribunal Orders?: TN Assembly’s Firm Stand Against ProjectRare Handshake At LoC During Pakistani National’s Repatriation Draws Attention Across BorderJaishankar Says Global Appreciation For Indian Talent Is Growing RapidlyCongress Wins 5 Of 7 Karnataka MLC Seats, BJP Probes Suspected Cross-VotingRSS At 100: Why The Organisation Remains Unregistered And Why The Issue Keeps Returning?From Net-Zero Design To Cargo Hub: What Makes Jewar Airport Different?Why Brahmins Are Suddenly At The Centre Of UP’s 2027 Political Battle | SP vs BSP vs BJP ExplainedTMC Escalates Battle To Delhi As Abhishek Banerjee Seeks Action On Rebel MPsJio Files DRHP With SEBI | Mukesh Ambani Hands IPO Leadership To Isha, Akash & AnantFrom ‘Brother-in-Ideals’ To A Cold Greeting: Stalin’s Message Exposes DMK-Congress Rift123PhotostoriesLove Poha for breakfast? 6 ways to add 20 gms protein to each servingNew York’s first lady Rama Duwaji made bootleg Knicks merch look runway-readyFrom earning Rs 700 in his first job to doing plays with Dilip Joshi and Disha Vakani: When Taarak Mehta Ka Ooltah Chashmah’s Tanmay Vekaria Aka Bagha got candid about his life5 signs of emotional manipulation in relationships, as per mental health counselor10 regional jackfruit dishes from across the world and why it is celebrated so muchFrom respecting Gauri Khan’s space to teaching his sons to respect women: 5 times Shah Rukh Khan proved he is Bollywood’s ultimate green flag10 baby girl names that mean pure in different languagesFrom Alia Bhatt to Katrina Kaif: Inside the pilates routine that keeps these Bollywood divas fit6 most beautiful hidden villages in India that are absolutely worth a tripWhy were women banned from doing makeup on Bollywood sets? Sonam Kapoor’s makeup artist explains the breaking of the 59-year-old barrier123Hot PicksEngland vs New ZealandYuvraj SinghUSA Vs AustraliaAP SSC resultsKannur University FYUGP TrialShiv SenaJD VanceStrait of HormuzHormoz nuclear power plantTop TrendingBihar gang-rapeUS-Iran Peace DealStock Market LiveFIFA World Cup 2026What is Legacy BadgeBEST bus strikeAIIMS BSc Nursing Admit CardMHT CET PCM 2nd attempt resultsGold rate todayIndia-UK FTA
  • Libra Horoscope Today, June 20, 2026: If you’re planning to purchase the house of your dreams, delay it.

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