Reliance Jio's $4B IPO looms as Ambani's 49th AGM tests promise to 44 lakh RIL shareholders
Investors eye Jio Platforms listing at Rs 12-13 lakh crore valuation, potentially India's largest IPO. With 524M subscribers, ARPU of Rs 214, and projected FY26 revenue of Rs 1.76 lakh crore, the 100% fresh issue would fund debt repayment and AI/network capex ahead of 2026 listing.
Ahead of RIL's 49th AGM, investors await Mukesh Ambani's update on the long-promised Jio Platforms IPO, potentially India's biggest at $4 billion, with a 100% fresh issue funding debt repayment and AI/network capex.