Markets #jio#ipo
Jio’s $4 Billion IPO Filing Imminent Ahead of Mukesh Ambani’s AGM, Sources Say
Reliance Jio Infocomm is reportedly close to filing draft papers for a $4 billion IPO, potentially the largest in India, ahead of Mukesh Ambani's annual shareholder address. The fresh-issue structure aims to direct proceeds to Jio and avoid stretched valuations. The listing comes amid moderated primary market activity and a challenging year for parent Reliance Industries, with shares down 15% YTD and net profit falling 13% in the March quarter.
Jun 17, 2026 1 source