At the 48th annual general meeting (AGM), chairman and managing director announced that Jio Platforms (JPL) is gearing up to be listed by the first half of 2026. Following the initial public offering (IPO) exit option – at double their initial commitment made five years ago – will be open to some of the 14 global investors.
According to analysts, the listing could value Jio at $134-146 billion, catapulting the company among India’s top five companies by market capitalisation. Jio Platforms houses all of Reliance Industries’ (RIL) digital properties, including Reliance Jio, which has over 500 million subscribers.
Another development surrounding the company is the establishment of a wholly-owned subsidiary, Reliance Intelligence to exponentially boost the countrywide artificial intelligence (AI) adoption. Towards this end, it has entered an $100 million joint venture with Meta to capitalise in a ratio of 70 per cent and 30 per cent, respectively. The closing of the transaction (expected by the fourth quarter of 2025) is subject to customary regulatory approvals. It has also partnered with Google Cloud for the same reason.
