Mumbai, August 28 – Reliance Industries Ltd. Chairman Mukesh Ambani on Monday announced that Reliance Jio will launch its Initial Public Offering (IPO) in the first half of 2026, marking a significant step in the company’s long-term growth strategy. The announcement was made during the company’s Annual General Meeting (AGM).

Ambani told shareholders that Reliance Jio, which has grown to become India’s largest telecom operator with over 480 million subscribers, is now well-positioned for listing. He said the IPO would allow investors to participate in Jio’s next phase of growth as it expands beyond telecom into areas such as 5G, digital platforms, and AI-driven services.

The Reliance Chairman highlighted that Jio’s rapid rollout of 5G services has already covered most of urban India, with rural expansion underway. The company also plans to focus on affordable smartphones, AI-enabled applications, and enterprise digital solutions, which Ambani described as key drivers for future revenue.

Analysts note that the IPO could be one of India’s largest, potentially attracting strong domestic and global investor interest. While Ambani did not disclose a valuation or fundraising target, market experts expect Jio’s listing to further strengthen Reliance Industries’ position as a diversified conglomerate.

Ambani also assured shareholders that Reliance will continue to invest in innovation and sustainability across all its businesses, including retail and green energy. He emphasized that Jio remains central to the group’s vision of making India a leader in the digital economy.