“Today, it is my proud privilege to announce, that Jio is making all arrangements, for its IPO. We are aiming to list Jio by the first half of 2026, subject to all necessary approvals. I assure you that this will demonstrate that Jio is capable of creating the same quantum of value, as our global counterparts. I am sure, it will be a very attractive opportunity for all investors,” RIL CMD Mukesh Ambani said.
In his address, Mukesh Ambani mentioned that Reliance Jio has crossed 500 million customers, more than the populations of the US, UK and France combined.
For financial year 2025, Jio reported revenue of ₹1.28 lakh crore and Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹64,170 crore.
Shares of Reliance Industries saw a spike towards gains of as much as 1% after the announcement made by CMD Mukesh Ambani. The stock currently trades 1% lower at ₹1,369.3.
This is a developing breaking story.
First Published:Â Aug 29, 2025 2:22 PM IST
