Bankers are eyeing a massive $170 billion valuation for Jio Platforms. Selling just 2.5% of the company could bring in around $4.3 billion.
For context, Jio previously raised funds from investors including Meta and Alphabet across 2020 and 2021.

Jio runs India's largest wireless network and provides wireless, entertainment and cloud services.
Mukesh Ambani had set his sights on an IPO in the first half of 2026, but regulatory paperwork is holding things up for now.