Ambani Pegs Jio As AI-Cloud Backbone; $200-240 Bn IPO Targeted For H1 2026

Mukesh Ambani frames Jio Platforms as the engine for Reliance's next AI, cloud and digital services phase, with Reliance Retail and JioHotstar as consumer pillars. Q4 FY26 net profit rose 13% YoY to ₹7,935 Cr on ₹38,259 Cr revenue. A $4 Bn Jio IPO at $200-240 Bn valuation is slated for H1 2026, structure under revision.

— Filed Fri, 29 May, 2026, 12:38 IST · Source Inc42 · Updated

Mukesh Ambani positions Jio Platforms as backbone for Reliance's AI, cloud and digital services push, with Reliance Retail and JioHotstar as consumer pillars. Jio IPO targeted for H1 2026 at $200-240 Bn valuation, structure under revision.

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