Archive · 8 Oct 2026
Jio IPO Aims to Begin New Growth Phase, Ambani Says
Jio Platforms plans to sell shares to the public through an IPO.
Akash Ambani said the company hopes it will be India’s biggest public offering.
He described the IPO as the start of a new growth phase for Jio.
The company has received approval for the issue, but no date has been announced.
Reports put the expected amount at around $3.8 billion or about ₹35,000 crore.
Ambani said Jio wants to keep its services affordable and useful to customers.
He also said satellites could help bring broadband to more homes.
Jio says it covers 99% of Indian homes and is planning a network of 1,600 satellites.
Sunil Bharti Mittal of rival Bharti Airtel said the industry looked forward to a successful IPO.
Akash Ambani said Jio Platforms hopes its planned IPO will be India’s largest and begin a new phase of growth.
Jio Platforms has received SEBI approval for its public issue; Ambani did not announce a timeline.
The offering is expected to raise around $3.8 billion; another report estimates its size at about ₹35,000 crore.
Ambani said Jio will focus on shareholder value while keeping services inclusive and affordable.
He said satellite connectivity could help expand home broadband; Jio plans a 1,600-satellite constellation and says it already covers 99% of Indian homes.
- Who
- Jio Platforms Managing Director Akash Ambani discussed the proposed IPO; Bharti Enterprises founder and chairman Sunil Bharti Mittal also commented.
- What
- Jio Platforms is preparing a public offering that Ambani hopes will be India’s largest and the start of a new growth phase.
- When
- Ambani spoke on Thursday at the India Mobile Congress; the IPO timeline has not been announced.
- Where
- At the India Mobile Congress in India.
- Why
- Ambani said the IPO would support Jio’s next phase, with a focus on growth and shareholder value.
- Expected IPO proceeds
- Around $3.8 billion
- Other reported IPO estimate
- Around ₹35,000 crore
- IPO approval
- Jio Platforms has received approval from SEBI for its proposed public issue.
- IPO timeline
- Not announced; Ambani said timelines would be disclosed at the right time.
- Satellite plan
- A planned low-Earth-orbit constellation of 1,600 satellites.
- Home coverage claim
- Ambani said Jio covers 99% of Indian homes.
- Reported use of proceeds
- The proceeds are largely intended to repay borrowings in the telecom business.
