Reliance Chairman Mukesh Ambani announced that the board of Jio Platforms has approved the Draft Red Herring Prospectus (DRHP), which is scheduled to be submitted to the Securities and Exchange Board of India (SEBI) later today, June 19. Describing the public offering as a key milestone for Reliance Industries, Ambani said the Jio IPO is expected to be the group's most significant value-creation event this year. He added that the listing could generate substantial value for existing Reliance shareholders while presenting a compelling opportunity for prospective investors. "With great delight, let me tell you that the Board of Jio Platforms has approved the Draft Red Herring Prospectus earlier today, and it will be filed with SEBI today," he said while speaking at the Reliance Annual General Meeting. According to Ambani, Jio’s market debut will showcase India's ability to build technology enterprises with global reach, world-class capabilities and significant market value. Akash Ambani, Isha Ambani And Anant Ambani Looking After Jio IPO He also noted that Akash Ambani, Isha Ambani and Anant Ambani are spearheading the IPO process and will play a central role in driving the next phase of growth and value creation for the business. "This is a deeply emotional moment for me, for the entire Reliance Family, and millions of its shareholders. The relationship Reliance shares with its shareholders is a deep and sacred relationship founded on pride, trust, respect, and shared growth. The commitment to shared growth was deeply personal to Dhirubhai. It is equally sacred to me. Imbibed in the same spirit, Isha, Akash, and Anant are heading the Jio IPO process, and will lead the next generation of value creation opportunities in the future," he said. "The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value. I assure you, and all prospective new investors, that a brighter future awaits Jio. Ten years ago, Jio began its journey with an audacious dream – to remove digital inequality from India. At that time, voice was costly. Data was expensive. Speeds were poor. Jio made voice free, and high-speed data affordable. It made Digital Life possible for every Indian. Jio empowered students to learn, small businesses to grow, families to connect, entrepreneurs to dream, and India to become the world’s largest data market. Now, Jio is preparing for its next big mission," he added. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.