India’s biggest IPO in June, Mukesh Ambani to raise ₹37,000 crore

Mukesh Ambani plans to list Reliance Jio via India's biggest IPO, selling a 2.5% stake to raise around ₹37,000 crore ($4 billion+). Valued at $180–240 billion with over 500 million users, it awaits SEBI rule tweaks and Finance Ministry approval. Morgan Stanley and Kotak are aiding preparations, with a listing eyed for H1 2026, allowing investors like Google a partial exit.