Reliance Jio Aims For IPO By First Half Of 2026

Reliance Jio, India’s largest telecom operator, is preparing to go public with an initial public offering (IPO) in the first half of 2026, chairman Mukesh Ambani announced on Friday during Reliance Industries’ annual shareholder meeting. The telecom unit of Reliance Industries Ltd, India’s most valuable company, is preparing to file for an initial public offering, Ambani said. “We are aiming to list Jio by the first half of 2026, subject to all necessary approvals,” he told shareholders.

Marking its 10th year of operations, Jio has crossed the milestone of 500 million subscribers. Ambani said the upcoming listing would showcase Jio’s ability to generate value on par with its global peers. “I am sure that it will be a very attractive opportunity for all investors,” he added, hinting at even more ambitious plans for the company’s future.

While Ambani did not reveal the size of the offering, market speculation suggests a potential 10% stake sale. Currently, Jio Platforms — the parent entity that houses the telecom and other digital businesses — is 66.3% owned by Reliance Industries. Beyond telecom, Reliance also pointed to the growth of JioHotstar, part of its joint venture with Disney under JioStar. The company said the platform had reached 300 million paying subscribers and more than 600 million total users.

According to company figures, JioHotstar now offers more than 320,000 hours of content and holds a 34% share of India’s television market. Akash Ambani, who oversees Reliance’s media ventures, said the group is focusing on combining content and technology to expand across mobile, television, and connected devices.