Reliance Industries is reportedly planning meetings with investment bankers regarding the initial public offering of Jio Platforms, marking a significant development in the conglomerate's digital strategy.

IPO Size and Strategic Planning

According to ETNow reports, the company is targeting an IPO size between $4 billion and $6 billion for Jio Platforms. This substantial offering would represent one of the larger technology IPOs in the Indian market.

Jio Platforms Overview

Jio Platforms serves as Reliance Industries' digital services arm, encompassing various technology and digital initiatives. The platform has been a key growth driver for the conglomerate, representing its strategic shift toward digital services and technology solutions.

Market Implications

The planned IPO would provide investors with direct exposure to Reliance Industries' digital assets through a separate listed entity. This move aligns with the broader trend of technology companies seeking public market access to fund expansion and growth initiatives.

The banker meetings represent the initial phase of the IPO preparation process, where investment banks typically present their capabilities and strategies for managing the public offering.

Reliance Industries has filed an official clarification with BSE and NSE regarding recent news reports about Russian oil deliveries to its Jamnagar refinery. The company addressed stock exchange queries following market volatility and confirmed that Bloomberg has since updated their original report.

Official Stock Exchange Communication

Reliance Industries submitted a formal clarification to both stock exchanges on January 6, 2026, addressing the Russian oil delivery controversy:

The company stated there is no linkage between the movement in equity share prices and the news article, emphasizing compliance with all disclosure obligations under SEBI regulations.

Bloomberg Report Update and Company Position

The filing revealed that Bloomberg has updated their news report with a significant correction:

Reliance clarified that despite their denial of purchasing Russian oil for January delivery, Bloomberg had initially published the report claiming three vessels laden with Russian oil were heading for the Jamnagar refinery.

Previous Market Impact and Recovery

The controversy had earlier triggered significant market reaction before the official clarification:

The stock had experienced significant selling pressure but showed signs of recovery during mid-session trading, indicating buying interest at lower levels.

Regulatory Compliance Assurance

In the official filing, Reliance emphasized its commitment to transparency and regulatory compliance. The company confirmed that no material information requiring disclosure under SEBI LODR Regulations 2015 has been withheld from stock exchanges. The filing was digitally signed by Company Secretary Savithri Parekh, reinforcing the formal nature of the clarification and the company's adherence to corporate governance standards amid the Russian oil delivery controversy.