Reliance's Secret 'Project Jupiter' Was the Blueprint Behind Jio's Mega IPO

Reliance Industries privately developed plans for what is expected to be India's largest-ever IPO under the internal codename 'Project Jupiter'. The initiative was kept highly confidential, with its structure deliberately shielded from public view. As part of the effort, Reliance engaged with regulators to seek greater flexibility in existing IPO rules. The company also worked to encourage key investors to offload their stakes ahead of the offering. The codename 'Jupiter' was chosen to reflect both the massive scale and the strategic significance of the project.