Reliance Industries Chairman and Managing Director Mukesh Ambani addresses the 49th annual general meeting of the company. (Photo: Screengrab from Video on Jio Events website)
Reliance Industries Ltd (RIL) chairman Mukesh Ambani Friday announced Jio IPO, which is expected to be among India’s largest initial public offering (IPO). The IPO will be led by Akash Ambani, Isha Ambani, and Anant Ambani. Mukesh Ambani began his address at the 49th annual general meeting (AGM) by congratulating Prime Minister Narendra Modi for becoming the longest-serving PM in political history of the country. Ambani, highlighting Reliance’s consolidated performance, pegged its revenue generation at Rs 11,75,919 crore for FY 2026. Reliance also posted 17.8% profit over the past year despite global disruptions, he said.
Reliance IPO: Reliance Jio Infocomm’s listing is likely to become India’s largest-ever IPO. The IPO could be worth as much as $4 billion, sources told Reuters this January. Shares of Reliance Industries rose 0.5 per cent ahead of the meeting, with investors anticipating updates on Reliance Jio Infocomm’s initial public offer (IPO), AI strategy and data centres, news agency Reuters reported.
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NSE IPO: The National Stock Exchange of India (NSE) has also filed draft papers for a long-delayed listing that will be one of two mega IPOs in the country in 2026, according to Reuters. NSE’s IPO is likely to be worth $3.3 billion, depending on its share price in private markets. Existing investors will sell 6% of the company’s equity as part of the issue — a pure offer-for-sale with no fresh equity being raised, the report noted.
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