Overview

• Broker valuations broadly peg Jio Platforms at about Rs 10–13.3 lakh crore, implying an IPO of roughly Rs 25,000–60,000 crore depending on minimum public-float requirements.
• Motilal Oswal estimates a Rs 30,000 crore offer that could be India’s largest if SEBI’s lower dilution proposal is used, valuing RIL’s stake near Rs 7.9 lakh crore.
• Reliance shares fell around 1–2% in the sessions after the AGM on holding‑company discount concerns, while JPMorgan, Jefferies, Motilal Oswal and others maintained positive views.
• JM Financial and other analysts see a tariff increase of about 15% as likely by November–December 2025 to support ARPU before the listing, potentially benefiting Bharti Airtel and Vodafone Idea.
• Reliance unveiled Reliance Intelligence to build green energy–powered AI data centers with a Jamnagar site underway, and reported Jio’s 5G users above 22 crore and total subscribers above 50 crore.