Reliance Jio Platforms Eyes India's Largest IPO, Could Exceed $4 Billion

• Reliance Jio Platforms is considering an IPO this year, potentially becoming India's largest ever, exceeding $4 billion.
• Investment bank Jefferies valued Reliance Jio at $180 billion in November; a 2.5% stake sale could raise $4.5 billion.
• Hyundai Motor India currently holds the record for the largest IPO at $3.3 billion.
• SEBI has sought government approval to allow large companies like Jio to list 2.5% shares instead of the usual 5%.
• Bankers are pushing for a higher valuation of Jio, between $200-240 billion, though Reliance has not confirmed.

Why It Matters: Reliance Jio Platforms plans a massive IPO this year, potentially India's largest, valued over $4 billion.