Reliance heads into 49th AGM with Jio IPO, Meta AI JV, and EBITDA-doubling pledge in play
Ahead of today's AGM, recap of last year's commitments: Jio IPO targeted H1 2026, $100M Meta JV (70% Reliance), $4.5B Google tie-up, JioPC/JioFrames AI hardware, 1,650-satellite network, and a pledge to double EBITDA by 2027 across Jio and Reliance Retail.
What happened
Reliance Industries · Recap of Reliance's 48th AGM announcements ahead of the 49th AGM, covering Jio IPO timeline, AI products (JioPC, JioFrames), Reliance
Key facts
- 500 million Jio subscribers
- $100 million Meta JV
- 70% Reliance stake
- $4.5 billion Google investment
- 1,650-satellite network
- Rs 6 dividend
- EBITDA doubling by 2027
- Jio IPO H1 2026
Why this matters
The Meta JV (70/30), $4.5B Google tie-up, and 1,650-satellite build signal Reliance is locking in hyperscaler and connectivity partners early — narrowing the field for any rival retail-tech alliance in India.