Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Mukesh Ambani, President and Reliance Industries Ltd. The director is managing Mumbai, India on March 30, 2024.
Indranil Aditya | Nurphoto | Getty Images
The richest man in India, Mukesh Ambani, the largest telecommunications operator in the country, announced the first half of 2026, an intentions to list the largest telecommunications in the country.
By talking to shareholders at a video conference made on Friday, Ambani said the full user base of JIO, which began in 2016, now crossed 500 million.
“It will be included in the year from now, 10. Looking back, it has been the most famous of the digital history of India,” said Ambani. “
Ambani’s controlled industries have a stake of 66.5% on JIO platforms in LTD, which is aware of Reliance Jio Infocomm.
In the near future, Ambani said Jio has aimed expanding its operations outside India. Did not offer any chronology.
The mother also announced two AI cooperation: aimed at providing Google, developers, startups and business services. The second arrangement is a $ 100 million joint, which will build and scale solutions for AI companies.
Mother of all IPOs in India
Last month, Bloomberg Report Industries in JIO reported that they were looking for 5% participation. A movement could gather $ 6 billion, making the largest public initial offer in India since the Hyundai Motors of India did 3.3 billion Dollars in Last year.
The next opponent of Bharti Airtel’s Reliance Jioa has a $ 128.7 trillion market value and trades in the relationship between 31.92 prices, according to Leg data. Bafal Global Research rated $ 115 billion based on the projected cash flow, calculating the Bharat Airtel’s cell business value worth $ 124 billion.
On August 21, the Indian market regulator suggested making rules for Mega Deals lists. Aldactetes would validate 1 trillion rupees and 5 trillion, for only 2.75% and 2.5% compared to the current minimum requirement of 5%, respectively.
A $ 6,000 million ipo will be too large to absorb Indian markets. The public offer of Hyundai Motors India was overseen more than twice, largely the institutional investors who was not a retail demand.
