MUMBAI: Reliance Jio Infocomm Ltd., the telecom arm of Reliance Industries, is preparing to go public in the first half of 2026, Chairman and Managing Director Mukesh Ambani announced at the company’s 48th Annual General Meeting (AGM) on Friday, August 29.
“Jio is making all necessary arrangements for its IPO. Subject to approvals, we aim to list Jio in the first half of 2026. I am confident this IPO will prove Jio’s ability to create global-scale value and offer investors a highly attractive opportunity,” Ambani said during his AGM address.
Highlighting the company’s rapid expansion, Ambani noted that Jio has crossed 500 million customers — a base larger than the combined populations of the US, UK, and France.
For FY2025, Jio posted revenue of ₹1.28 lakh crore, with EBITDA of ₹64,170 crore, further strengthening its position as one of the world’s leading telecom players.
Following the announcement, shares of Reliance Industries Ltd. rose briefly, gaining nearly 1% before settling around ₹1,369.3, down by 1% for the day.
The IPO, expected to be one of the most significant listings in India’s market history, will mark a new milestone in Jio’s journey from a disruptive entrant to a telecom giant.
