Ambani Targets Reliance Jio’s IPO by June Ending Years of Wait

Billionaire Mukesh Ambani said Reliance Industries Ltd. is aiming to list India’s largest wireless carrier by the first-half of 2026, ending years of wait for the blockbuster offering that will give marquee global investors an exit route.

Ambani shared the plan during his annual address to shareholders of the oil-to-retail conglomerate on Friday. He had first hinted about the potential listing of Reliance Jio Infocomm Ltd. in 2019, within a five-year time frame.

“Jio is making all arrangements to file for its IPO,” Ambani said, referring to plans for an initial public offering without sharing specifics on how much stake ...