Business
Jio IPO opens path to next growth phase, Akash says
The Hindu BusinessLine··1d ago
Reliance Jio chairman Akash Ambani said the upcoming IPO marks the next growth phase and shareholder value focus for the 10-year-old company, speaking at India Mobile Congress 2026. Business Standard reported Jio Platforms' public offer of over ₹30,000 crore opens October 21. Ambani said Jio covers 99 per cent of Indian homes with broadband today.
Prism
What It Means For You
- Retail investors watching the October 21 offer face the largest Indian IPO size on record per Business Standard.
- Home broadband customers may see satellite options once government spectrum is allotted, Ambani said.
- Mobile users were told Jio still prioritises affordability over immediate tariff hikes.
What's Happening
- Ambani said Jio filed patents in pre-6G work and is building an indigenous satellite stack.
- Business Standard quoted him planning 6G as a software upgrade across 360,000 towers.
- He said Jio brought 50-crore Indians into data-centric usage.
IPO Scale
- Business Standard pegged the Jio Platforms offer above ₹30,000 crore.
- Ambani spoke on the sidelines of India Mobile Congress in New Delhi.
- Reliance has stressed shareholder returns in prior listings.
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