- By PTI
- Fri, 29 Aug 2025 04:26 PM (IST)
- Source:JND
Reliance Jio IPO Launch Date: Reliance Industries Chairman Mukesh Ambani on Friday announced that RIL's telecom arm, Reliance Jio, will float its Initial Public Offering (IPO) by the first half of 2026. The announcement was made during the RIL's 48th Annual General Meeting (AGM), held virtually today. However, Mukesh Ambani did not disclose the quantum of shares to be listed.
"Today, it is my proud privilege to announce that Jio is making all arrangements to file its IPO. We are aiming to list Jio by the first half of 2026, subject to all necessary approvals," Mukesh Ambani said, adding that the upcoming IPO will demonstrate that "Jio is capable of creating the same quantum of value as its global counterparts." "I am sure that it will be a very attractive opportunity for all investors," he said.
Jio Platforms is currently 66.3 per cent owned by Reliance Industries Ltd. Meta holds a 10 per cent stake in Jio Platforms, while Google has another 7.7 per cent. PE investors have the remaining 16 per cent. Market experts, as per a report by PTI, are anticipating a 10 per cent share sale from Ambani's holdings in the Reliance Jio IPO.
Jio Platforms had raised about Rs 1,52,056 crore from 13 marquee investors, including Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment Fund of Saudi Arabia, Intel Capital and Qualcomm Ventures, for a total consideration of 32.9 per cent stake.
Ambani noted that Jio's many achievements were previously unimaginable, including making voice calls free from anywhere to everywhere in India, creating a habit for common Indians to watch videos, and making digital payments on mobiles. Ambani said Jio's nationwide 5G rollout, the fastest in the world, laid the foundation for the AI revolution in India.
"As a result of these achievements, the ?nancial performance of Jio is scaling new heights with every passing year. Jio's revenue was Rs 1,28,218 crore ($15 billion), a growth of 17 per cent year-on-year in FY25; and EBITDA was Rs 64,170 crore ($7.5 billion)," he said, adding that the performance was a testimony to the enormous value Jio has already created, and "even greater value it is destined to create".
Ambani said Jio is committed to connecting every Indian on mobile and home broadband. Further, Jio will equip every Indian home with digital services, such as Jio Smart Home, JioTV+, Jio TV OS, and seamless automation. Jio will digitise every Indian business and enterprise with simple, scalable, and secure platforms, and usher in the AI revolution in India.
"Our motto is AI everywhere for everyone. Jio will expand its operations outside India, taking our home-grown technology to people around the world. I am extremely confident that the path ahead for Jio is even brighter than its journey so far," he said.