Reliance Jio IPO Nears, Akash Ambani Reveals Big Plans- Know What Awaits Shareholders After Listing?
Mumbai: Reliance Jio Chairman Akash Ambani has outlined the company's plans ahead of its proposed initial public offering (IPO), describing the listing as a major responsibility towards shareholders. Speaking to Moneycontrol during the India Mobile Congress 2026 in New Delhi on Thursday, Ambani said the group's focus has always been on creating long-term value for investors. The proposed IPO…
Mumbai: Reliance Jio Chairman Akash Ambani has shared the company's ambitious plans as the proposed initial public offering (IPO) approaches. During the India Mobile Congress 2026 in New Delhi, Ambani emphasized that the IPO is a significant responsibility towards shareholders and marks a new growth phase for the conglomerate. This is the first public listing for Jio after nearly three decades since the last Reliance Group public issue.
Ambani clarified that Jio's stock market debut should be viewed as the start of a fresh chapter in the company's expansion, rather than simply an opportunity to enter the stock market. He reiterated that affordability would remain a top priority for Jio, with the company aiming to keep its services accessible while continuing to expand beyond traditional telecom connectivity.
Highlighting the company's nationwide presence, Ambani stated that Jio's network covers approximately 99 percent of India's population. He stressed the company's commitment to supporting India's economic growth through digital connectivity and technological development. Additionally, Jio Platforms is expected to list by the end of October, with an anticipated enterprise valuation exceeding Rs 12 lakh crore. However, the exact listing date remains tentative and may change based on market conditions.
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