Mukesh Ambani announces Jio IPO by 2026, targets global valuation

Reliance Jio IPO announced at RIL AGM, aiming for H1 2026 listing. With 500M+ users and 220M+ on 5G, Jio to redefine digital growth. Expected to be India’s largest public offering, boosting investor confidence and telecom sector expansion.

Post Published By: Karan Sharma
Updated : 29 August 2025, 3:34 PM IST
google-preferred

New Delhi: Reliance Industries Limited (RIL) Chairman Mukesh Ambani on Friday announced Jio's IPO (Initial Public Offering) at the company's 48th Annual General Meeting (AGM), ending the wait of millions of investors.

He said that the company is busy preparing for this and hopes that Jio will be listed on the stock exchange by the first half of 2026. At present, the company is planning to submit the necessary documents to market regulator SEBI soon. Ambani said that Jio will create value at par with global companies, and it will be an attractive opportunity for investors.

Jio's achievements and customer base

Mukesh Ambani mentioned Jio's remarkable achievements in the AGM and said that the number of customers of the company has crossed the figure of 50 crores. He described Jio as "life-changing" and praised its services.

Mukesh Ambani (Image Source: Internet)

Indian Rupee hits record low amid Trump Tariff fears, Chinese Yuan gains momentum

Ambani said that Jio has done unimaginable things like free voice calls, revolutionizingdigital payments, and strengthening platforms like Aadhaar, UPI, and Jan Dhan. Also, Jio has emerged as the backbone of the world's third-largest startup ecosystem.

5G network and future plans

Reliance Jio Chairman Akash Ambani said that the company's 5G network has made rapid inroads in the country and more than 22 crore users have been connected to Jio True 5G.

He also revealed that Jio will soon start international operations. Mukesh Ambani stressed that Jio True 5G has redefined the speed, reliability, and accessibility of digital connectivity. He said that the credit for Jio's success goes to Indian consumers, who have made it an integral part of their lives.

Impact on investors and the market

The announcement of Jio's IPO has excited investors, as it is expected to increase the company's valuation and stock market activity. Mukesh Ambani expressed confidence that Jio's IPO will be one of the largest IPOs in the history of the Indian capital market and will give a boost to the country's economy.

This move will help take Reliance's digital and telecom business to new heights, as well as give India's tech sector global recognition. For more market updates, stay tuned to Dynamite News.

Location : 
  • New Delhi

Published : 
  • 29 August 2025, 3:34 PM IST