Business
Mukesh Ambani’s Jio set to file for India IPO within days, FT reports
Reliance Jio Infocomm could file draft papers for its expected $4 billion IPO within days and just before billionaire Mukesh Ambani‘s closely watched annual speech on Friday to Reliance Industries‘ shareholders, the Financial Times reported on Wednesday, citing sources.
Reuters could not immediately verify the report.
At last year’s AGM, Ambani had committed to listing Jio, India’s largest wireless operator, in the first half of 2026, making the upcoming filing a key milestone in that roadmap.
Jio now appears set to miss that timeline following a challenging year for Reliance Industries.
The conglomerate’s shares have declined about 15% in 2026, while net profit for the quarter ended March fell 13% year-on-year, weighed down by disruptions in its core refining business amid turbulence in the Gulf region.
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