Mukesh Ambani announced the filing of draft IPO papers for Jio Platforms at the 49th RIL AGM.
The IPO filing with SEBI is expected to trigger one of the largest public offerings in history.
Analysts project a massive valuation for the company ranging between USD 130 billion and USD 180 billion.
Reliance Industries holds a 66.43 percent stake, with Meta and Google holding significant portions of the remaining equity.