Ambani Considers Expanding Stakeholder Role as Jio IPO Approaches

Mukesh Ambani, the head of Reliance Industries Limited, is considering strategies to expand stakeholder participation in Jio Platforms. This comes as the company gets ready for its initial public offering, slated for the first half of 2026.

In RIL's latest annual report, Ambani highlighted deliberate efforts to bolster Jio's institutional framework and enhance transparency, preparing it for future global technology opportunities. Emphasizing sustainable value creation, he mentioned potential strategic pathways to support Jio's growth.

Currently, RIL holds 66.43% of Jio Platforms, with Meta and Google sharing 17.71% of the remainder. Analysts suggest the upcoming IPO could become the largest public offering, valued between USD 130 billion and USD 180 billion.

For the fiscal year ended March 2026, Jio Platforms reported a 15% rise in net profit to Rs 30,053 crore, while revenue from operations grew 14.5% to Rs 1,46,885 crore.

(With inputs from agencies.)