Reliance AGM Friday to test Ambani's June 2026 Jio IPO pledge; Retail listing cues in focus
Bankers on standby to file Jio Platforms DRHP targeting a $4B raise at ~$100B valuation. Investors also seek timeline clarity on Reliance Retail listing and Rs 10 trillion AI infrastructure roadmap, against a 15% YTD stock slide.
What happened
Reliance Industries · Reliance AGM this Friday will test Ambani's pledge to list Jio Platforms by June 2026, with bankers on standby to file DRHP. Investors
Key facts
- $4 billion IPO target
- $100 billion valuation
- 525 million subscribers
- Rs 300.5 billion net income
- 15% stock decline YTD
- Rs 10 trillion AI investment
Why this matters
DRHP filing momentum signals an opening IPO window for Indian platform/retail assets and potential strategic partnership setups around the Rs 10T AI buildout.