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Reliance Jio to file documents for IPO, expected to be India's largest

Reliance Jio, India's largest telecom and internet company, plans to file draft papers for a public offering with the country's markets regulator. The company, owned by billionaire Mukesh Ambani, aims to issue up to 270 million shares as part of its initial public offering (IPO).

IPO

270m shares to be issued as company targets AI, satellite communications network

Reliance Jio, which boasts over half a billion subscribers and reported after-tax profits of 79.35 billion rupees on operating revenue of 382.59 billion rupees in the fiscal year through March, will issue up to 270 million shares. © Reuters

SOUMYAJIT SAHA

June 19, 2026 18:46 JST

Updated on June 19, 2026 20:40 JST

MUMBAI -- Jio Platforms, India's largest telecom and internet company, will on Friday file its draft papers for a public listing with the country's markets regulator, its billionaire owner Mukesh Ambani said after the Reliance Industries unit's board approved the filing earlier in the day.

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Source document: Reliance Jio's Financial Performance

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Reliance Jio to file documents for IPO, expected to be India's largest

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